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Airtel Money Reviews Per Transaction Limit To a New High

Mobile services operator says it will not increase transaction fees for huge amounts

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Airtel Money Kenya Ltd has revised its per transaction limit to Ksh250,000 from the previous Ksh150,000 per transaction effective 1st September 2023.

The change in the per transaction limit comes after successful engagements with the Central Bank of Kenya and against the backdrop of the recent review of daily transaction limits from Ksh300,000 to Ksh500,000.

Airtel Kenya said, there will be no increase in transaction charges. “Transaction charges for this band shall remain the same as those that were previously charged in the Ksh70,001 – Ksh150,000 band,” the company said in a statement.

“With the increase of the per transaction limit, Airtel Money customers will experience convenience as they will not have to go through the hassle of breaking large transactions into multiple smaller transactions.”

The incorporation of the  Ksh150,001 – Ksh250,000 band of transactions without a rise in transaction charges is part of Airtel Kenya’s efforts to empower customers with flexible and personalized solutions, said Airtel Money Kenya MD Anne Kinuthia-Otieno.

“That signifies our commitment towards convenience and affordability,” said Ms Kinuthia-Otieno added.

The offering will be essential for SMEs and individuals alike, allowing them to efficiently pay suppliers, employees and transfer money to other persons. “Airtel’s commitment to affordability is a driver in offering unmatched value for money, so everyone can make transactions without worrying about cost,” she said. “Further, Airtel remains dedicated to offering unparalleled customer experiences with innovative solutions.”

Read >> Luhya Tycoon Who Offered To Pay Striking Teachers Started Off With Only Ksh38

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KALU MENGO
KALU MENGOhttp://www.businesstoday.co.ke
Kalu Mengo is a Senior Reporter With Business Today. Email: [email protected]
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