Kenya: Safaricom Increases M-Pesa’s Each Transaction Limit to Sh250,000 After CBK Nod

Nairobi — Safaricom has today increased each transaction on M-Pesa to Sh250,000 from Sh150,000 after getting approval from the Central Bank of Kenya (CBK).

In the new changes, users will enjoy a higher transaction limit under Send Money, Lipa Na M-Pesa Buy Goods, Paybill and other services.

“We welcome the move by the Central Bank of Kenya to increase M-PESA transaction limits to KSh. 250,000,” Safaricom CEO Peter Ndegwa said.

“The increased transaction limits are a timely intervention as they…