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Airtel Money reduces its Paybill, bulk payment and wallet to bank charges in charm offensive against M-PESA

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Airtel Money in Kenya has today reduced its paybill, bulk payment and wallet to bank charges in an effort to drive affordability for its customers and also take on its competitor M-PESA.

In the new changes Airtel Money’s Paybill and Wallet to Bank charges are lower compared to the current market rates in each tariff band.

With most of the Government services being accessed and paid for digitally, the reduction in the paybill transaction charges will be highly welcomed by Kenyans as they pay for e-citizen services through Airtel Money while enjoying lower transaction costs.

The revised charges will apply to all Airtel Money customers. Besides the reduced paybill charges, Airtel Money customers will still continue to enjoy Zero charges on utility bills payments such as electricity.

“This move reaffirms our continuous commitment in supporting our customers especially with the prevailing economic challenges. Airtel Money will continue providing flexible and personalized solutions while at the same time delivering exceptional services and value for their money.” Said Airtel Money Kenya MD Anne Kinuthia-Otieno.

Below are the revised charges:                                                                                                

Tariff Bands and limits in KESNew Paybill and Wallet to Bank Charges in KES
90
10490
501000
1015004
50110009
1,0011,50012
1,5012,50013
2,5013,50020
3,5015,00020
5,0017,50033
7,50110,00037
10,00115,00057
15,00120,00062
20,00125,00067
25,00130,00072
30,00135,00095
35,00140,00099
40,00145,000103
45,00150,000105
50,00170,000105
70,001150,000105
150,001250,000105

Airtel Money’s biggest main competition remains M-PESA which also offers unmatched value for money with its products and services.

M-PESA Charges

M-PESA Paybill Transaction Charges

Amount TransactedCharges
1 – 490
50 – 1000
101 – 5004
501 – 1,0009
1,001 – 1,50014
1,501 – 2,50019
2,501 – 3,50024
3,501 – 5,00033
5,001 – 7,50040
7,501 – 10,00046
10,001 – 15,00055
15,001 – 20,00060
20,001 – 25,00065

These are charges that a customer incurs depending on the amount of transaction and the transaction type i.e. sending or withdrawing.

Below are M-PESA Tariffs.

TRANSACTION RANGE (KSHS)TRANSACTION TYPE AND CUSTOMER CHARGES (KSHS)
MINMAXTRANSFER TO M-PESA USERS, POCHI LA BIASHARA AND BUSINESS TILL TO CUSTOMERTRANSFER TO OTHER REGISTERED MOBILE MONEY USERSTRANSFER TO UNREGISTERED USERSWITHDRAWAL FROM M-PESA AGENT
149FreeFreeN/AN/A
50100FreeFreeN/A11
101500774729
5011,00013135129
1,0011,50023236129
1,5012,50033337629
2,5013,500535311552
3,5015,000575713969
5,0017,500787817187
7,50110,0009090211115
10,00115,000100100273167
15,00120,000105105296185
20,00135,000108108318197
35,00150,000108108318278
50,001250,000108108318309
ATM Withdrawal Tariff
MinMaxKshs
200 250035
2501 500069
5001 10000115
10001 35000203
OTHER TRANSACTIONSKSHS
All DepositsFREE
M-PESA RegistrationFREE
Buying Airtime through M-PESAFREE
M-PESA Balance EnquiryFREE
Change M-PESA PINFREE

Note:

  1. Maximum Account Balance is Kshs.500,000
  2. Maximum daily transaction value is Kshs.500,000
  3. Maximum amount per transaction is Kshs.250,000
  4. The minimum amount you can withdraw at an M-PESA Agent is Kshs.50
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