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By Victor MUJIDU
M-Pesa customers will from Tuesday, August 15 transact up to Sh500,000 per day after the telco increased the daily limit by Sh200,000. This is the second time Safaricom is increasing the transaction limit after the first one was approved in March 2020 from Sh150,000 to Sh300,000.
“Starting Tuesday 15th August 2023, all M-PESA customers will enjoy increased daily transaction limits and increased account limits of KSh. 500,000 following approval from the @CBKKenya.
The increased limits will provide customers and businesses with even more convenience and safety when transacting,” the Telco announced in its X handle – previously Twitter.
M-PESA transaction limits were previously increased in March 2020 when the Central Bank of Kenya approved doubling of transaction limits to KSh 150,000 and daily and account limits to KSh 300,000.