In Kenya, Safaricom’s M-PESA continues to dominate the cellular cash house however the competitors has been relentless. We’ve got seen Airtel Cash and T-Kash place themselves as promising alternate options to M-PESA, gaining interoperability with M-PESA providers like funds to Tills and different providers, all whereas being cheaper to make use of.
For some time now, it has been cheaper to transact on Airtel Cash than it has been on M-PESA however this benefit appears to be shrinking as Airtel revises its transaction costs at present.
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Associated:
Airtel Cash Transaction Costs for 2023
| Airtel to Airtel Costs | Switch to Different Networks | Withdrawal Costs | ||
|---|---|---|---|---|
| Min | Max | Costs | Costs | Costs |
| 1 | 49 | Free | 0 | 0 |
| 50 | 100 | Free | 0 | 10 |
| 101 | 500 | Free | 6 | 25 |
| 501 | 1000 | Free | 11 | 25 |
| 1001 | 1500 | Free | 20 | 25 |
| 1501 | 2500 | Free | 30 | 25 |
| 2501 | 3500 | Free | 50 | 44 |
| 3501 | 5000 | Free | 50 | 55 |
| 5001 | 7500 | Free | 70 | 70 |
| 7501 | 10000 | Free | 80 | 95 |
| 10001 | 15000 | Free | 90 | 135 |
| 15001 | 20000 | Free | 95 | 150 |
| 20001 | 25000 | Free | 95 | 160 |
| 25001 | 35000 | Free | 100 | 160 |
| 35001 | 40000 | Free | 105 | 240 |
| 40001 | 45000 | Free | 105 | 260 |
| 45001 | 50000 | Free | 105 | 270 |
| 50001 | 250000 | Free | 105 | 300 |
These new charges primarily have an effect on the bigger transactions made on the platform. As an example, withdrawing between Sh50,000 and Sh250,000 will value you Ksh 300 at Airtel Cash brokers, up from Ksh. 270. The price of transferring cash to different networks together with M-PESA and T-Kash principally stays unchanged in order that’s a aid.
“We’ve got reviewed our Airtel Cash transaction charges to allow our clients to proceed having fun with reasonably priced costs whereas transacting by their cellular cash wallets.”
Mentioned Airtel Cash Kenya MD Anne Kinuthia-Otieno.
Associated:
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Airtel’s transfer to extend in its Airtel Cash transaction charges for big quantities in Kenya would possibly as nicely be a results of the rising operational prices and regulatory modifications within the cellular cash sector. Nonetheless, Airtel Cash nonetheless provides aggressive charges in comparison with M-PESA, particularly for small and medium transactions.
Airtel Cash customers may also get pleasure from different advantages reminiscent of free Airtel Cash to Airtel Cash transactions on high of bonuses from airtime and bundles bought by the cellular cash platform. Airtel appears to stay dedicated to offering reasonably priced and handy cellular cash providers to its clients throughout Kenya.
