Safaricom to raise M-Pesa tariffs 08 February after new tax

Telecoms, Rates, Offers and Coverage

Kenyan operator Safaricom says the government's recent amendments to the Customs and Excise Duty Act, gazetted on 01 February, has effected an upward review of its M-Pesa tariffs, which will take effect on 08 February. Tariffs for transactions worth more than KES 101 will go up by 10 percent, with charges for transactions under KES 100 remaining unchanged. The amendments are contained in the Finance Act of 2012, which introduces a 10 percent excise duty on transaction fees for all money transfer services provided by mobile phone providers, banks, money transfer agencies and other financial service providers.