Tag: m-pesa
High Court Gives M-PESA, Banks Go Ahead to Re-introduce Transfer Fees
The High Court in Kenya has decided against continuing a previous order that prevented banks and mobile money providers from imposing fees for money...
M-PESA Introduces Store Number to Address Wrong Agent Withdrawals
Recently, M-PESA customers have been inquiring about the purpose of a "store number," which they are required to input when withdrawing money from an...
Fuliza Customers Can Now Withdraw Cash from M-PESA Agents
Safaricom now allows customers to withdraw cash from its overdraft facility, Fuliza. This feature has been available for a couple of weeks, but the...
KRA Could Be a Stumbling Block to Safaricom, M-PESA Split
The possibility of splitting Safaricom, Kenya’s leading telco, into separate entities has been a topic of debate among lawmakers and other interested parties.
Safaricom's internal...
NCBA to M-PESA, Airtel Money Charges Effective 2023
The Central Bank of Kenya has announced that it will start charging fees for bank-to-mobile money transfers on January 1, 2023.
READ MORE: Family...
Family Bank to M-PESA, Airtel Money Charges Effective 2023
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...
Here Are I&M Bank to M-PESA Charges Effective 2023
The Central Bank of Kenya has announced that it will begin charging fees for bank-to-mobile money transfers starting on January 1, 2023. The financial...
Transaction Charges for Sending Money from National Bank to M-PESA, Airtel Money in 2023
The Central Bank of Kenya has announced that beginning January 1, 2023, bank-to-mobile money transfers will incur fees.
This change comes after the financial...
Here Are KCB to M-PESA Transaction Charges Effective 2023
The Central Bank of Kenya (CBK) announced that bank-to-mobile money transfers will start attracting fees. This follows a push by the financial industry in...
How to Purchase Airtime from M-PESA to Telkom, Airtel Kenya for Free
Making phone calls is one of the most important things that people do with their phones. Those calls are also paid for, which means...
Charges for Sending Money from Bank to M-PESA Effective 2023
A couple of days ago, we learned that the CBK was in the process of reinstating bank to mobile money charges, and vice versa.
The...
CBK Reintroduces Bank to Mobile Money Wallets Charges Effective from January 2023
At the start of the pandemic back in March 2022, the CBK announced that it had waived fees for sending money between mobile money...
Bank to Mobile Money Charges Are Coming Back But At A Lower Rate
When the pandemic started, telcos and banks adjusted the rate of sending money to and from their accounts to cushion Kenyans from the harsh...
Safaricom Finishes Prepping M-PESA Junior Accounts, to Launch This Month
UPDATE: Junior accounts will turn into ordinary accounts once minors turn 18.
Parents will also be able to monitor what juniors are doing with...
Safaricom Adds M-PESA Go Feature for Minors in New Update
Sometime this year, Safaricom announced that it was planning to release M-PESA Junior Accounts for minors. This development has not occurred, and the reason...
Safaricom Earned KES 107.7 Billion from M-PESA in 2022 as Customers Snub M-Shwari for Fuliza
Safaricom has many ways of making money. However, its biggest asset has been M-PESA, and all other products and services associated with it. The...
M-PESA Goes to Ethiopia to Compete with Ethio Telecom’s Telebirr
Safaricom Ethiopia is now officially open, following an event that was attended by Kenya’s President William Ruto, among others including Safaricom Kenya CEO Peter...
M-PESA to Be Separated from Safaricom by January 2023
The Safaricom split story has always been a hot discussion topic among lawmakers, and other people with vested interests in the matter. The story,...
Kenya Power Limits Token Purchase Via M-PESA Only
There are many ways to buy Kenya Power tokens in Kenya. The most popular channel is via M-PESA paybill.
However, the channel costs customers...
State of Mobile Money in Kenya in 2022: M-PESA, T-Kash and Airtel Money
Mobile money penetration has grown steadily since last year when it stood at 68%. It now stands at 73.8% as of March 2022 according...
Safaricom Hints M-PESA Split from Carrier Services
Back in 2020, there were talks that Safaricom would split its business. The plan was to separate its mobile money product M-PESA from its...
One More Step to Full Mobile Money Interoperability as Cross-platform Paybill Service Goes Official
At the start of the year, it was revealed that the CBK was planning to launch an interoperability system that would see Safaricom’s M-PESA...
Safaricom, Equity Are Kenya’s Most Valuable and Strongest Brands
Kenya is no stranger to strong technology brand presence. Global tech companies are setting up their shops in the country, and some, such as...
Mobile Money Penetration Hits 73.8 Percent Thanks to M-PESA
The latest sector data from the Communications Authority of Kenya has revealed that Safaricom’s M-PESA is still king in the mobile money space. We...
Minors Will Not Access Fuliza Or M-Shwari In M-PESA Junior Accounts
We have since learned that Safaricom is prepping M-PESA Junior Accounts for minors. The development, which is subject to regulatory approval, will see the...
Once Again, M-PESA Tops Safaricom’s Service Revenues Over Voice At 38.3 Percent
Safaricom FY 2022 Financial Results ended March 2022 are here.
The carrier has shed light on how its flagship mobile money product M-PESA performed, following...
Safaricom To Launch M-PESA Visa Virtual Card For International Payments
Many M-PESA users have been wishing Safaricom would launch a virtual debit card for international online payments. This is a big issue because M-PESA...
Safaricom Launches M-PESA Junior Accounts For Minors
Safaricom has announced plans to launch M-PESA Junior Accounts for young Kenyans between the age of 10 to 18 years. These are individuals who...
Ethiopia Makes Way For M-PESA, Foreign Mobile Money Products In New Draft Bill
Safaricom has since entered the Ethiopian market after years of lobbying that cost USD 850 million.
Its entry into the country means that the telco...
M-PESA, T-Kash and Airtel Money Agency Interoperability To Launch in 2024
The last couple of days or weeks have been interesting in the mobile money space.
See, it has become apparent to many people now that...
Mobile Money Merchant Payment Interoperability Launch This Friday
A couple of days ago, we had learnt that the CBK was in the process of compelling Safaricom’s Lipa na M-PESA product to accept...
Mobile Money Industry Processes Record $1 Trillion in 2021
The GSMA has released its annual ‘State of the Industry Report on Mobile Money’ which in part revealed that mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually.
All M-PESA and Service Charges for 2022
With more than 64 percent market share in Kenya, safaricom is the obvious leader in the telco space. It has more than 30 million...
Safaricom Hits Record High 30 Million Monthly Active M-PESA Users
Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark. To note, this is just for Kenya customers.
The development follows...
M-PESA Celebrates 15th Birthday Marked by 51M Customers, 61M Daily Transactions and 9M M-PESA App Downloads
Every Kenyan knows what M-PESA is. The mobile money product by Safaricom has grown substantially, broken many records, and has even been exported to...
