Safaricom has increased its per-transaction limit on its mobile money platform M-Pesa to Ksh250,000 ($1,697), up from the previous Ksh150,000 ($1,018) just weeks after rival Airtel, which operates Airtel Money, made a similar move following regulatory approval by the Central Bank of Kenya (CBK).
The telco said the review, which comes hot on the heels of an August revision of daily total transaction limits from Ksh300,000 ($2,036) to Ksh500,000 ($3,394), takes effect immediately.
