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Safaricom has slashed charges on transferring funds from business tills to mobile wallets and Paybill numbers by as much as 50 per cent, in a shake-up of M-Pesa tariffs that promises significant relief for small traders and consumers alike.
Under the new regime, effective 7 August 2026, businesses using Safaricom's M-Pesa business till — a dedicated account that allows merchants to receive customer payments — will pay substantially less when moving cash from those tills to their personal M-Pesa wallets or using it to pay bills through the Paybill service, which allows businesses to receive or send bulk payments to corporate accounts.
The changes align with Central Bank of Kenya's pricing principles on customer-centricity, transparency and affordability, Safaricom said. The changes come as households across the country grapple with stubborn inflation that held at 6.5 per cent in July.
The most significant relief comes under the revised Pay to Mobile tariff, which governs transfers from a business till to any M-Pesa registered mobile number — essentially allowing traders to withdraw their daily collections into their personal accounts.
