Sharp Daily
No Result
View All Result
Friday, July 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Safaricom Slashes Paybill Transaction Fees

Editor SharpDaily by Editor SharpDaily
December 15, 2022
in News
Reading Time: 1 min read
Safaricom

Safaricom. Photo/ Courtesy]

Safaricom has slashed charges for paybill and business-to-customer tariffs in an effort to ensure affordability and mitigate the prevailing economic challenges faced by customers.

In the new changes, Bank to M-Pesa charges have been reduced by an average of 61%. Additionally, M-Pesa to Bank charges have been reduced by an average of 47% and is applicable to customers making M-Pesa to bank transactions. Transactions below Ksh100 remain zero-rated.

The reduced M-Pesa to Bank tariff will also apply to all M-Pesa Paybill payments that customers use for utilities such as electricity, hospital bills, schools, government payments etc. to ensure affordability.

The revised tariffs will be effective starting January 1, 2023.

RELATEDPOSTS

Safaricom 2025 financial triumph and effect on Kenyan economy

May 28, 2025

Safaricom’s legal battle against journalist sparks press freedom concerns

March 27, 2025

“In our role to continue supporting the economy and stimulating growth, we have taken the initiative to significantly reduce our paybill and business to customer tariffs. This move reaffirms our commitment to support all our customers and enable them to cost effectively get along with their lives especially at this time when most Kenyans are experiencing hard economic times,” said Safaricom CEO Peter Ndegwa.

The revised tariffs have been structured to ensure alignment with the Central Bank of Kenya pricing principles on customer centricity; transparency and disclosure; fairness and equity; choice and competition as well as affordability.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Relief As Nakuru County Swears In New CECS After Court Stalemate

Next Post

List Of Deals President Ruto Bagged From His US Visit

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024