Family Bank to M-PESA, Airtel Money Charges Effective 2023

1
Pesapap
Family Bank CEO Dr David Thuku, Kenya Bankers CEO Dr Habil Olaka, Family Bank Head of Retail Nancy Njau and Chief Operations Officer Godfrey Kamau go through the revamped PesaPap App at the launch this morning.

The Central Bank of Kenya just announced that they’re going to start charging fees for bank-to-mobile money transfers starting January 1, 2023. This is because the financial industry in Kenya asked for the fees to be reinstated – they were dropped during the pandemic. Up until now, Kenyans have been able to enjoy this service for free for almost three years, but that’s coming to an end. From now on, every time you want to transfer money to a mobile money wallet, you’re going to have to pay a fee. Family Bank has specific fees that they’re charging, too.

Charges:

Transaction range in KESM-PESA Charge in KESAirtel Money charge in KES
1-10000
101-5001011
501-10001213
1001-15001420
1501-25002325
2501-35003335
3501-50004345
5001-75005555
7501-10,0005555
10,001-15,0006565
15,001-20,0006565
20,001-150,0006765
Previous articleHere Are I&M Bank to M-PESA Charges Effective 2023
Next articleNCBA to M-PESA, Airtel Money Charges Effective 2023
Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

1 COMMENT

Comments are closed.