"More savings": Safaricom waives Pochi fees for transactions up to KSh 200
This story has significance for readers across Kenya and beyond.
- Safaricom announced a new fee waiver for Pochi la Biashara transactions on Thursday, April 20
- Customers sending amounts up to KSh 200 will no longer pay any transaction charges on the platform
- Safaricom also capped fees on higher Pochi payments, setting a new maximum charge for amounts above KSh 200
TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting, offering insights into Kenyan and global economic trends.
Safaricom has announced a waiver on Pochi la Biashara transaction fees for payments of up to KSh 200, a move the telecommunications company says will make everyday payments more affordable for its customers.
The telco shared the announcement on its official X account on Thursday, April 20, framing the development under the campaign name "Pata More na Pochi."
What is the new Pochi fee structure?
Under the revised terms, customers making Pochi la Biashara payments of KSh 200 and below will incur zero charges.
For transactions exceeding that threshold, Safaricom has introduced a cap, limiting the maximum fee to KSh 50 regardless of the amount being sent.
The company described the changes as delivering "more savings, more value and more convenience every time you pay."
"With Pata More na Pochi, paying just got more affordable! Enjoy free Pochi transactions up to KSh 200. That’s more savings, more value and more convenience every time you pay," it announced.
What Is Pochi la Biashara?
Pochi la Biashara is a Safaricom product designed for small business owners, allowing traders to receive M-Pesa payments from customers directly into a separate business account linked to their personal line.
The service is widely used by informal traders, market vendors, and small-scale entrepreneurs across Kenya.
The latest fee adjustment positions Pochi la Biashara as a more cost-effective option for low-value transactions, which are common among small businesses that frequently handle payments below KSh 200.
By removing charges on those amounts entirely and placing a ceiling on fees for larger payments, Safaricom is signalling an effort to deepen adoption of the product within the micro-business segment.
The announcement comes as competition in Kenya's mobile money market continues to intensify, with service providers under increasing pressure to reduce the cost of digital transactions for both consumers and traders.
What did Airtel launch?
In other news, Airtel Money Kenya's launched Bizna Wallet, a digital wallet designed specifically for small business owners such as kiosk operators, traders, and transport sector workers.
This innovative product aims to streamline financial management for entrepreneurs who often struggle to separate their personal and business finances.
The introduction of Bizna Wallet not only signifies Airtel's expansion into the competitive mobile money market but also challenges the longstanding dominance of Safaricom.
Source: TUKO.co.ke
Reporting originally appeared via TUKO. Read the full source for additional context.