Kenyans will be able to transact up to Sh300,000 up from the current limit of Sh140,000, the leading mobile money Safaricom has said.
The Mobile company Safaricom has waived fees for M-Pesa transactions below Sh1000 following the COVID -19 outbreak, the COUNTY DIARY reports.
President Uhuru Kenyatta had directed that telecos should consider reducing the cost of using mobile money during this period.
“In the meeting, it was agreed that all person-to-person transactions below Sh1,000 shall be free,” Joseph said.
This means that from Tuesday morning, M-PESA users will be able to send any amount below Sh1,000 for free over the next 90 days.
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 Sh70,000 to Sh150,000.
Kenyans will also be able to transact up to Sh300,000 up from the current limit of Sh140,000, and hold up to Sh300,000 in their M-PESA wallets.
Safaricom is also working with the Government by providing a Call Center and integrating a toll-free line 719 which has been set up by the National Emergency Response Committee on Coronavirus to support Kenyans in understanding howto prevent and manage suspected cases.
We have also interconnected othernetworks to ensure that their subscribers can access the Call Centre. All calls to719 are free.
We remain committed to working with all stakeholders to help our nation throughthis crisis.