How to move money from bank account to Mpesa (2024)
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You can send money from the US to be received into an M-PESA wallet. This service is offered by a selection of third party providers, including well known and popular international money transfer services like Western Union®, WorldRemit® and Wise.
What can I do with the M-PAiSA service? Transfer funds from your HFC/Westpac bank account to your M-PAiSA account. Make Bill payments like EFL, Water, LTA, FDB, Courts etc. Make business payments like Fiji Airways, Central Finance etc.
The Central Bank of Kenya has granted approval to Safaricom Plc to increase the M-PESA account limit to KSh.500,000. This new limit, effective from August 15, 2023, applies to all M-PESA customers. In addition to the increased account limit, M-PESA customers will also enjoy a raised daily transaction limit of KSh.
The current per transaction limits of KSh. 150,000 will remain, however customers can make as many transactions up to the KSh.500,000 daily limit. The move is set to be a boost for businesses in the country, especially SMEs, as the share of cashless transactions continues to rise.
How much money can you withdraw from a Mpesa agent at one time? With respect to the unchanged Mpesa transaction value, the amount of money you can withdraw instantaneously at a Mpesa agent or an outlet is Ksh150,000.
Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user's M-Pesa's account. Cash collected digitally is stored in an M-Pesa trust account.
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