×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

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

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.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Willis Oketch 29 mins ago
Business
Old buildings give way to used-car showrooms
By Mary Imenza 29 mins ago
Business
Mbadi: Swift action and luck saved Kenya from sovereign debt default
By Benard Sanga 29 mins ago
Business
Joho faces big test in executing State's mining agenda in Coast
Enterprise
How African volunteers are helping shape AI through Wikipedia