Safaricom has announced lower paybill charges for money transactions between customers and businesses with effect from January 1, 2023.
[COLOR=rgb(184, 49, 47)]Customers paying between Sh100 and Sh500 in paybill charges will now be charged Sh4, down from Sh23 in the new tariffs.
In a statement on Sunday, Safaricom said they have reduced the charges by 47 percent.
“We would like to notify our valued customers and partners on the reduction in charges by an average of 47 percent for M-PESA paybills and an average of 61 percent for Business to customer charges,” reads the notice.
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Payments between Sh500 and Sh1,000 will cost Sh9, down from Sh23 while those between Sh50,000 and Sh150,000 will cost Sh105, down from Sh210.