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Safaricom slashes Lipa Na Mpesa charges

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Kenya’s leading mobile operator Safaricom has announced a tariff reduction on its Lipa Na M-Pesa service. Dealers will as from the 3rd of April enjoy a 50 per cent reduction on transaction fees for all goods brought via Lipa Na M-Pesa.

Safaricom currently charges dealers a maximum of 1 per cent of the transaction amount on Lipa Na M-Pesa. This will be reduced to 0.5per cent. Under the new tariff, M-Pesa dealers will also be charged a flat fee of KSh200 for payments above KSh40000.

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Safaricom also announced that dealers will be able to receive transactions of KSh200 and below at no cost. They will also enjoy instant processing of payments made through Lipa Na M-Pesa to their bank accounts. The company revealed that there were 23 participating banks already.

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However, the mobile operator clarified that the changes will not affect Gaming merchant tariffs as well as the Lipa Na M-Pesa petrol station tariffs.

The reduction is likely to benefit small businesses such as Kiosks, small eateries, BodaBoda riders, PSV operators among others.

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