Dpi provides ocean carriers, nvoccs and marine terminal operators with a convenient and costeffective means of maintaining public tariffs in compliance with the regulations of the u. You hereby agree to guard your pin and not disclose it to any third party including tigo pesa outlet operators, tigo staff or any person purporting to have authority to ask for it. Tariffs contain the rates, terms and conditions of certain services provided by telecommunications carriers. Safaricom lipa na mpesa paybill charges 2020 chart rate ugwire. This document is designed to help users understand the information contained within the public. Pdf barriers to uptake and use of added value mobile money. Safaricom kenya has flexible mpesa tariffs and fees. Red clients will be given priority when they call the service desk for assistance. China ends tariffs on us sorghum during negotiations may 18, 2018 chinas commerce ministry announcement comes as us and chinese negotiating teams meet to resolve trade disputes. Korea files wto disputes may 14, 2018 south korea challenges the solar panel and washing machine tariffs through the wto, claiming they violate wto rules. Effective 1 st july 2018 new mpesa charges, rates were introduced by safaricom.
Kenyas disruptive mobile money innovation balloonview press, 2012. You can use your m pesa menu to buy airtime for your phone, or for someone else. M pesa enables the users to deposit, withdraw, transfer money and pay for goods and services through the mobile phone. The government proposed a two per cent increase on the excise duty charged on service providers. They argued that safaricom was operating as a bank without the required banking license. Minimum, maximum, send money to tigo pesa, send money to other networks, cash out from. Anyone can send money in all over kenya through mpesa safaricom mpesa rates, mpesa charges and mpesa tariffs depend on the amount of money you are the mpesa withdrawal charges for agent withdrawal and atm fees are different from those applied. Ensure that your mpesa registration information is correct, otherwise visit your nearest vodashop. Just the way the m pesa tariffs for sending money differ depending on the amount of money you are sending, the same case applies to m pesa withdrawal charges. New safaricom mpesa charges 2020 and mpesa withdrawal tariffs. We are here to assist you 247 with our red premium service desk dial 082111. Mpesas success in kenya can be attributed to a unique set of regulations exempting the program from requirements faced by traditional banking institutions while m pesa has been touted as a savings tool for the poor, there is little evidence to suggest that the. There are no mpesa charges when buying safaricom airtime through mpesa. Mpesa mobile money transfer service in kenya, best.
Safaricom has adjusted m pesa tariffs on the basis of finance bill, 2018 and the provisional collection of taxes and duties act. Tigopesa customer can now send and receive money from kenya, uganda and rwanda. Oct 16, 2014 in total therefore, the transaction could have cost both of you a maximum shs 173. M pesa has spread quickly, and by 2010 had become the most successful mobilephonebased financial service in the developing world. Mpesa service allows the registered user to deposit money into an account stored on their cell phones. Tariffs are more inefficient than consumption taxes. Tailormade for the kenyan society, where many feel formal bank accounts are out of their reach while mobile phone technology has become pervasive, m. M pesa tariff below is a table showing our new mpesa tariff. Usage and impact from m pesa august 2009 brief despite growing agreement on the potential of technology to expand access to. Pesa joins alliance for competitive steel and aluminum tariffs. A tax duty levied on a product when it crosses national boundaries import tariff export tariff not common tariffs may be imposed for protection or revenue protective tariff protect domestic industry from competition revenue tariff decreasing tariff revenue trend for industrial nations. Safaricom announces new mpesa tariffs based on excise duty.
How to use pesa this document is designed to help users understand the information contained within the public expenditure statistical analyses pesa national statistics release. Mpesa tariffs financial technology banking free 30day trial. All the convenience at rates so affordable you cannot feel them. Safaricom had lowered the minimum size of an mpesa transaction and had lowered the tariffs on the smallest transaction tiers. Pesa is a trusted resource, advancing member policy priorities and providing targeted workforce development for the entire ofs sector. It was established in 2007 as a micro financing system, but it was later transformed into a mobile money transfer system. Mpesa tariffs change effective this month thanks to proposed. The networks users recharge their sim cards at their. Cases are not intended to serve as endorsements, sources of primary data. All charges and tariffs on the services are subject to applicable taxes. Safaricom had lowered the minimum size of an m pesa transaction and had lowered the tariffs on the smallest transaction tiers. New mpesa tariffs, 2020 charges for sending and withdrawal. Kenyans will now pay a 12 per cent excise duty on mobile money transactions, up from 10 per cent. Many of our clients have asked us for more information regarding the us section 301 and 232 tariffs.
The 2020 gems tariff file contains the scheme rates at which healthcare providers will be paid for services rendered. Mar 02, 2012 mpesa agents to benefit more as tariffs change. Financial services for the underbanked contributed by. Remember there are no transaction fees when you deposit money into your account through mpesa agents. Below is a pdf chart list of the new safaricom lipa na mpesa paybill charges rate for 2020. Panchayat extension to scheduled areas act, 1996 pesa act, 1996. Barriers to uptake and use of added value mobile money products by the lesser off segments in kenya. This paper is intended as a discussion document for mobile network operators considering launching a. The vodacom tanzania mpesa tariffs and charges calculator will display the vodacom tanzania mpesa tariffs for sending money to other registered mpesa users, as well as charges for withdrawing your money through an m pesa agent or atm in tanzania.
Pesa tariffs include withdrawal fees, and are differentiated according to receipt by registered and non. Mar 29, 2017 safaricoms reduction of the lipa na mpesa tariffs and inclusion of more financial institutions under real time settlements targets small and micro businesses, such as kiosks, motor cycle taxis. M pesa charges will depend on the amount you are sending or withdrawing. M stands for mobile while pesa is a swahili word for money. As many on twitter noted and peter gakuremwangi noted on thinkm pesa. Williamson 2004 and positive in athanasios vamvakidis 2002, halit yanikkaya 2003, and david n. In january 2009, the treasury issued a statement on the audit. Expenditure statistical analyses pesa national statistics release. Safaricom slashes lipa na mpesa tariffs telecompaper. Jul 21, 2016 public expenditure statistical analyses pesa 2016 complete document, including annexes web ref. Vodacom tanzania mpesa tariffs and charges calculator. Prior to mpesa, mobile phone customers had engaged in trading prepaid airtime. M pesa customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents.
Pesa joined the national retail federation and more than 100 other associations representing u. A tariff is a tax imposed on imported goods and services. You cannot deposit money directly into another mpesa customers account at an agent outlet. Today, over two years since its launch, m pesa has gained 7 million registered customers and has 10,000 agents spread across the country. Lipa na mpesa charges differ from standard mpesa fees and other transaction charges. This was a technique where it combined the agent banking in brazil and smart mobile money of philippine make m pesa. Less than five years later, there are approximately 31 million users of mobile money in kenya, conducting over 2 million transactions every day. This service is free and you will only pay for the airtime purchased. Pdf mobile payment systems and financial inclusion.
These tariffs are filed by local exchange carriers, or lecs. You can send up to tsh 3m per day or hold up to tsh 5m in your mpesa account. The links below correspond to the various sections in the table of contents for the harmonized tariff schedule. Calculate m pesa charges using this safaricom mpesa charges calculator posted in lipa na mpesa, m pesa pay bill last updated on march 2nd, 2020 by harrison m use the following safaricom mpesa calculator to calculate mpesa charges and mpesa rates that are charged by safaricom when sending and withdrawing cash using mpesa. The list of products, defined by 8digit subheadings of the harmonized tariff schedule of the united states htsus, is set out in the annex to this notice. Practitioners insight mpesa a success story of digital. Mpesa aktie safaricom mpesa rates for mpesa statement. This tariff structure explanatory statement tses is a companion document to tasnetworks tss for the fiveyear regulatory control period beginning on 1 july 2019 and ending 30 june 2024. Mpesa tariffs are transparent and unsurprising for all users.
Factors influencing adoption of electronic payment by small. How mpesa works, its services, charges and transaction rates. Calculate mpesa charges using this safaricom mpesa. Tariff documents the documents below define nhecs responsibility to provide delivery services, default service and services to competitive suppliers, as required by the new hampshire public utilities commission. Tanzanias leading digital lifestyle company, tigo tanzania, has today launched a service that allows all tigo pesa customers to send and receive cash on their mobile money wallets from m pesa in kenya, mtn in uganda, airtel and mtn in rwanda. Jul 02, 2018 changes in m pesa transactions safaricom has limited the number of free transactions of below kshs 100 to three per day. As a result, this has enabled business owners to intensify and effectively grow their businesses. Mpesa transaction rates vary according to the amount of money to send or withdraw, and according to the mode of transfer. You can use your mpesa menu to buy airtime for your phone, or for someone else.
Mar 21, 2012 m pesa agents will be the greatest beneficiaries of the safaricom move to revise upwards its money transfer tariffs. These vodacom tanzania mpesa tariffs and charges are applicable when sending and receiving money. Public expenditure statistical analyses pesa 2019 complete document, including annexes print ref. Hmt public expenditure statistical analyses pesa gov. The vodacom tariffs include charges for transfers to other registered customers which are lower, just like in kenyas safaricom mpesa. For more information contact vodacom call centre by dialing 100 for free. Mpesa agents to benefit more as tariffs change daily nation. The fees include mpesa withdrawal rates for atm and agent withdrawals. Introduction mpesa, the mobile banking and payment system in kenya represents the gold standard for innovative financial services. The new 2020 mpesa tariffs for sending or transferring, withdrawing or depositing money through safaricom agents or paybill numbers have been highlighted below.
It brings together recent outturn data, estimates for the latest year, and spending. Initial news reports evinced some confusion as to whether an. You can use the service to pay between 50 shillings and ksh 70,000. Jul 17, 20 public expenditure statistical analyses pesa is the yearly publication of information on government spending. In essence, mpesa is a persontoperson p2p money transfer system that allows individuals to make payments and send remittances. New mpesa charges, fees and tariffs starting july 2018. Pesa pesa joins coalition outlining harm from china tariffs. The transaction cost is therefore higher when sending and withdrawing money through m pesa. Mpesa as a payments and money transfer platform was developed jointly by safaricom, a telco company, and the commercial bank of africa. The minister of finance ordered the national treasury and the central bank to conduct an audit of m pesa.
Photo file an mpesa agent right serves a customer in nairobi. Due to increased taxes in the mobile money industry, there are new m pesa charges, fees and also tariffs starting july 2018. Public expenditure statistical analyses pesa 2016 complete document, including annexes web ref. The proposed tariff structure statement must be accompanied by an indicative pricing schedule. Safaricoms 7 scola kamau, safaricom raises mpesa tariffs as kenya slaps. Mpesa tariffs no transaction without an original id ke customer charges transaction range kshs transaction type and customer charges kshs min max transfer to mpesa users transfer to other mobile money users transfer to unregistered users withdrawal from mpesa agent 1 49 free na na na 50 100 free na na 10 101 500 11 11 45 27. With mpesa, you can send money to a friend, brother ou a business partner in any part of the country. Oct 17, 2018 m pesa is a mobile money transfer service used in kenya and other few countries across the world.
The most common tariff filed at the fcc is for interstate local access service. To be assured of consideration, you must submit comments and responses in accordance with the following schedule. Mpesa rates, mpesa tariffs, mpesa withdrawal charges, m. Below is a brief description of these duties, links to more information, and links to data sheets detailing the affected hts codes. To transact, your safaricom line and mpesa account. Whilst every effort has been made in building these calculators, we are not to be held liable for any special, incidental, indirect or consequential damages or monetary losses of any kind arising out of or in connection with the use of the tools and information derived from the web site. Pesa provides a range of information about public spending, using two treasurydefined frameworks.
Clicking on a link will load the corresponding adobe. Current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and mpesa tariffs when transferring cash both to registered and nonregistered mpesa users. Above all, safaricom clients have been impressed since they spend little to settle bills through the services. Soon after m pesa was introduced, kenyas banks publicly objected. Pesa joins coalition outlining harm from china tariffs. All tariffs stipulated above are inclusive of all government taxes for more information contact vodacom call centre by dialing 100 for free you can get your m pesa statement sent to you for free via email or a printed copy for tsh. Thereafter, m pesa users will pay 1 for amounts between kshs 1 and kshs 49 and kshs 2 for amounts between kshs 50 and kshs 100 for transactions above the stated 3 per day. Note that according to m pesa rates latest changes, you will pay an additional fee to send cash to nonregistered m pesa subscribers. Mpesa withdrawal charges and rates posted in m pesa kenya, m pesa pay bill last updated on march 2nd, 2020 by harrison m current safaricom mpesa charges for sending and withdrawing money though a safaricom agent, atm and m pesa tariffs when transferring cash both to registered and nonregistered mpesa users. Mpesa rates 2019 safaricom mpesa charges and tariffs. For economic efficiency, free trade is often the best policy, however levying a tariff is sometimes second best. Data entry home jobs is one of the ways to make money online from home. M pesa is a mobile money transfer service in kenya, its one of the best online payment options.
This page contains the chapterbychapter listing of the harmonized tariff schedule and general notes. M pesa is simply a mobile phonebased money transfer application. Longdistance companies and others pay the rates set out in these tariffs to lecs for access to local networks at the originating. A communication sent by safaricom to its agents on february 28, 2012, shows that agent commissions on customer deposits have almost tripled. A tariff is called an optimal tariff if it is set to maximize the welfare of the country imposing the tariff. Sending money to unregistered users attracts more mpesa fees. This exceeds the reach of any other financial service in kenya. Mar 02, 2012 mpesas revised tariffs for the full table, go here yesterday i woke to exciting news. Safaricom mpesa rates, fees, charges and tariffs for withdrawal and transfer will depend on the amount you are sending or withdrawing. We then document the sequencing of adoption across households according to income and wealth, location, gender, and other socioeconomic characteristics, as.
Mpesa charges depend on the amount you are sending or withdrawing. Im sure that m pesa users throughout the country will roundly welcome this news. A tariff is a tax imposed on the import or export of goods. All tariffs stipulated above are inclusive of all government taxes. These tools are here purely as a service to you, for educational and informational purposes only. Equitel is the solution to mpesas inflated tariffs.