Airtel Cash reduces its Paybill, bulk cost and pockets to financial institution costs in appeal offensive in opposition to M-PESA
Airtel Cash in Kenya has right now lowered its paybill, bulk cost and pockets to financial institution costs in an effort to drive affordability for its prospects and in addition tackle its competitor M-PESA.
Within the new modifications Airtel Cash’s Paybill and Pockets to Financial institution costs are decrease in comparison with the present market charges in every tariff band.
With many of the Authorities providers being accessed and paid for digitally, the discount within the paybill transaction costs can be extremely welcomed by Kenyans as they pay for e-citizen providers via Airtel Cash whereas having fun with decrease transaction prices.
The revised costs will apply to all Airtel Cash prospects. In addition to the lowered paybill costs, Airtel Cash prospects will nonetheless proceed to get pleasure from Zero costs on utility payments funds akin to electrical energy.
“This transfer reaffirms our steady dedication in supporting our prospects particularly with the prevailing financial challenges. Airtel Cash will proceed offering versatile and customized options whereas on the similar time delivering distinctive providers and worth for his or her cash.” Mentioned Airtel Cash Kenya MD Anne Kinuthia-Otieno.
Under are the revised costs:
| Tariff Bands and limits in KES | New Paybill and Pockets to Financial institution Costs in KES | |
| – | 9 | 0 |
| 10 | 49 | 0 |
| 50 | 100 | 0 |
| 101 | 500 | 4 |
| 501 | 1000 | 9 |
| 1,001 | 1,500 | 12 |
| 1,501 | 2,500 | 13 |
| 2,501 | 3,500 | 20 |
| 3,501 | 5,000 | 20 |
| 5,001 | 7,500 | 33 |
| 7,501 | 10,000 | 37 |
| 10,001 | 15,000 | 57 |
| 15,001 | 20,000 | 62 |
| 20,001 | 25,000 | 67 |
| 25,001 | 30,000 | 72 |
| 30,001 | 35,000 | 95 |
| 35,001 | 40,000 | 99 |
| 40,001 | 45,000 | 103 |
| 45,001 | 50,000 | 105 |
| 50,001 | 70,000 | 105 |
| 70,001 | 150,000 | 105 |
| 150,001 | 250,000 | 105 |
Airtel Cash’s greatest principal competitors stays M-PESA which additionally provides unmatched worth for cash with its services and products.
M-PESA Paybill Transaction Costs
| Quantity Transacted | Costs |
|---|---|
| 1 – 49 | 0 |
| 50 – 100 | 0 |
| 101 – 500 | 4 |
| 501 – 1,000 | 9 |
| 1,001 – 1,500 | 14 |
| 1,501 – 2,500 | 19 |
| 2,501 – 3,500 | 24 |
| 3,501 – 5,000 | 33 |
| 5,001 – 7,500 | 40 |
| 7,501 – 10,000 | 46 |
| 10,001 – 15,000 | 55 |
| 15,001 – 20,000 | 60 |
| 20,001 – 25,000 | 65 |
These are costs {that a} buyer incurs relying on the quantity of transaction and the transaction sort i.e. sending or withdrawing.
Under are M-PESA Tariffs.
| TRANSACTION RANGE (KSHS) | TRANSACTION TYPE AND CUSTOMER CHARGES (KSHS) | ||||
| MIN | MAX | TRANSFER TO M-PESA USERS, POCHI LA BIASHARA AND BUSINESS TILL TO CUSTOMER | TRANSFER TO OTHER REGISTERED MOBILE MONEY USERS | TRANSFER TO UNREGISTERED USERS | WITHDRAWAL FROM M-PESA AGENT |
| 1 | 49 | Free | Free | N/A | N/A |
| 50 | 100 | Free | Free | N/A | 11 |
| 101 | 500 | 7 | 7 | 47 | 29 |
| 501 | 1,000 | 13 | 13 | 51 | 29 |
| 1,001 | 1,500 | 23 | 23 | 61 | 29 |
| 1,501 | 2,500 | 33 | 33 | 76 | 29 |
| 2,501 | 3,500 | 53 | 53 | 115 | 52 |
| 3,501 | 5,000 | 57 | 57 | 139 | 69 |
| 5,001 | 7,500 | 78 | 78 | 171 | 87 |
| 7,501 | 10,000 | 90 | 90 | 211 | 115 |
| 10,001 | 15,000 | 100 | 100 | 273 | 167 |
| 15,001 | 20,000 | 105 | 105 | 296 | 185 |
| 20,001 | 35,000 | 108 | 108 | 318 | 197 |
| 35,001 | 50,000 | 108 | 108 | 318 | 278 |
| 50,001 | 250,000 | 108 | 108 | 318 | 309 |
| ATM Withdrawal Tariff | ||
| Min | Max | Kshs |
| 200 | 2500 | 35 |
| 2501 | 5000 | 69 |
| 5001 | 10000 | 115 |
| 10001 | 35000 | 203 |
| OTHER TRANSACTIONS | KSHS |
| All Deposits | FREE |
| M-PESA Registration | FREE |
| Shopping for Airtime via M-PESA | FREE |
| M-PESA Steadiness Enquiry | FREE |
| Change M-PESA PIN | FREE |
Be aware:
- Most Account Steadiness is Kshs.500,000
- Most day by day transaction worth is Kshs.500,000
- Most quantity per transaction is Kshs.250,000
- The minimal quantity you’ll be able to withdraw at an M-PESA Agent is Kshs.50
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