Browsing: paybill charges reduced

Paybill charges
  • Safaricom has reduced paybill charges and business-to-customer tariffs
  • The company said they had reduced bank to M-PESA charges by an average of 61%
  • Safaricom has also reduced M-PESA to Bank charges by an average of 47%

Safaricom has reduced paybill charges and business-to-customer tariffs. On December 16, 2022, the Kenyan telecommunication company said they had reduced bank to M-PESA charges by an average of 61%.

Safaricom has also reduced M-PESA to Bank charges by an average of 47%, and is applicable to customers making M-PESA to bank transactions. Transactions below KSh 100 remain zero-rated.

The reduced M-PESA to Bank tariff will also apply to all M-PESA Paybill payments that customers use for utilities such as electricity, hospital bills, schools and government payments to ensure affordability.

The revised tariffs will be effective starting 1st January 2023.

Why Safaricom has reduced paybill charges

Commenting on the development, Safaricom CEO Peter Ndegwa said …