×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Safaricom takes battle to banks with new Sh500,000 M-Pesa limit

Vocalize Pre-Player Loader

Audio By Vocalize

Customers receive M-Pesa services at a shop in Nairobi on July 13, 2022. [Elvis Ogina,Standard]

You will be able to transact and hold half a million shillings every day from Tuesday, August 15, in your M-Pesa account.

This is after Central Bank of Kenya (CBK) backed Safaricom's plan to increase M-Pesa account limits to Sh500,000, taking the telco's competition to the doorsteps of digital lenders, microfinance and commercial banks.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
Why AI is gaining prominence in Africa's new investment agenda
Enterprise
New push to formalise garbage collection SMEs
Enterprise
From Boeing cockpit to truck seat: Building Africa's logistics backbone
By AFP 11 hrs ago
Business
France says G7 finance talks 'frank, sometimes difficult'