All the three major mobile networks in Kenya – Safaricom, Airtel and Telkom, operate their individual mobile money platforms, namely: M-PESA, Airtel Money and T-kash respectively.
In 2018, mobile money interoperability went live, making it possible for subscribers to send and receive money seamlessly across the three platforms.
The harmonizing of these platforms however didn’t go as far as to make the rates the networks charge uniform.
Instead, each network runs their own tariff which charges customers a particular rate when transferring or withdrawing money from their agents.
Money can be sent to users that are both registered to their respective mobile money platform and those that are unregistered. The latter however, attracts significantly higher transfer and withdrawal charges across the board.
Receiving money on all platforms is however free regardless of registration status.
Let’s now take a look at the latest individual tariff rates of each of the platforms. A final table with all the rates combined has also been included for comparison purposes.
M-PESA Tariff Rates (2022)
Airtel Money Tariff Rates (2022)
T-Kash Tariff Rates (2022)
M-PESA, Airtel Money and T-Kash Rates Compared
The following is a comparison of the transfer and withdrawal charges across the three mobile money platforms: