Safaricom PLC outreaches.
Safaricom PLC outreaches.

Safaricom has reduced charges on Mpesa transactions. This is according to the directive made by President Uhuru Kenyatta on the cashless transfer over coronavirus pandemic.

" Safaricom PLC would like to thank the Central Bank of Kenya Governor Dr Patrick Njoroge for hosting a meeting with Safaricom and other industry players to discuss the evolving situation around the COVID-19 (Corona Virus) pandemic, " read part of the statement.

The meeting follows the directive by H.E. President Uhuru Kenyatta to explore ways of deepening mobile money usage to reduce the risk of spreading the virus through the physical handling of cash. The President also directed that Telcos to consider reducing the cost of using mobile money during this period.

" In the meeting, it was agreed that all person-to-person transactions below Ksh1,000 shall be free. This means that from tomorrow morning, M-PESA users will be able to send any amount below Ksh1,000 for free over the next 90 (ninety) days, " read part of the statement.

" To support this, and in particular small and micro business enterprises (SMEs), CBK has also approved the increase of daily M-PESA transaction limits from the current Ksh70,000 to Ksh150,000. Kenyans will also be able to transact up to Ksh300,000 up from the current limit of Ksh140,000 and hold up to Ksh300,000 in their M-PESA wallets, " Safaricom stated.

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