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Good News to Safaricom Customers as Safaricom Slashes The Following Charges By Nearly Half

Good news to Safaricom customers as Safaricom slashes the following charges by nearly half. This is after the Central Bank of Kenya (CBK) two weeks ago announced the reintroduction of charges for transactions between mobile money wallets and bank accounts after negations with lenders and mobile payment firms. The Central Bank of Kenya waived the charges in March 2020 as part of measures that were put in place to facilitate the use of mobile money to prevent the spread of Covid 19.

Safaricom has therefore revealed that they will slashes playbill charges by nearly half as from January 2023. Safaricom customers paying between Kshs 100 to Kshs 500 in playbill charges will now be charged Shs 4 , down from Shs 23 in the new tariffs. Therefore this will be applicable as from Sunday. Impressively, the transactions below 100 have been zero rated. A report that has impressed many people across the country.

These are part of new charges for money transactions between customers and businesses amid increased demand for mobile payment services. Moreover, payments between Kshs 500 and 1000 will cost ksh 9 down from Kshs 23, while those between Kshs 50,000 and Kshs 150000 will cost Ksh 105.

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CBK Central Bank of Kenya Safaricom


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