M-pesa to equity charges
You live abroad and you are looking for an easy and quick way to send money to your relatives? Find out about M-pesa mobile money, especially about M-pesa to equity charges. Find everything you need to know about the service. Do not miss the opportunity to make your life easier with monisnap!
M-pesa presentation
M-pesa is a microfinance and mobile money transfer system launched by Vodafone and developed by Safaricom and Vodacom, the two largest cell phones operators in Kenya and Tanzania. It is the most trusted service in Tanzania with over 5 million Tanzanians using M-pesa.
M-pesa grew rapidly and by 2010 had become the most successful mobile phone-based financial service in the developing world. By 2012, approximately 17 million of accounts have been registered in M-pesa Kenya. The service has been praised for providing millions of people with access to the "formal" financial system. It has also helped reduce crime in societies largely based on cash exchanges.
It has since expanded to Afghanistan, DR Congo, South Africa, India and, in 2014, Eastern Europe.
With M-pesa, you can easily send or receive money from over 160 countries instantly to and from your M-pesa wallet through a wide range of partner globally.
All the rates of M-pesa mobile money
M-pesa sending charges depend on the amount of money being transferred. There is difference between registered user of the service or not.
Transaction charges vary from 66% to 0,6% according to users and amounts:
- To 66% of the transaction value for a transfer to an unregistered user.
- To 30% of the transaction value for a transfer to a register user.
- The lowest transfer charge is 0,16% to a registered user for 70,000 KSHs.
- The cost to withdraw money from an M-pesa agent is a maximum of 20% of the transaction amount and 0,47% minimum.
You can check all the transfers charges and the M-pesa sending charges chart online and in PDF on the website of Safaricom.
Send mobile money to equity with M-pesa
Enjoy the ability to access money from your account any time whether the bank is open or not. This will help you save on time and the cost of travelling to your branch plus the hustle of queuing.
You can register for mobile banking with your bank and register for M-pesa at any agent outlet countrywide. This service allows you to transfer money directly from your M-pesa wallet to your bank account.
For now, Safaricom is retaining the free M-pesa to bank transactions, a measure that was brought in to encourage cashless transactions in a bid to curb the spread of Coronavirus.
Need to send money abroad?
Monisnap, the money transfer fair and easy
Your first transfer is free!
Send mobile money fast and free on a M-pesa wallet with Monisnap
If you are looking for the fastest and easiest way to send mobile money, use Monisap! Monisnap is a money transfer service that enables you to send money in more than 100 countries.
Monisnap's purpose is to allow you to make money transfers in a simple, fast, secure, and fair way.
Sending mobile money using the Monisnap application is a simple and secure way to transfer money to a M-pesa wallet holder.
You need to send money to your family? Monisnap allows you to centralize your means of sending money on a single application, whether from your computer or your smartphone. Our fees are the most attractive in the market, no matter how much money you want to send Monisnap only takes 0.99£ commission! And the first transfer is free!
You just have to:
- Download the Monisnap app and create your account
- Choose the country you want to send money in
- Choose the amount you want to send
- Enter your beneficiary’s mobile phone number
That’s it! Your beneficiary receives the money in an instant directly on his Mpesa wallet. He may pay
with his phone in his country or withdraw the money in cash.
Still not convinced? Remember, your first mobile money transfer is FREE. If you want to send more
money later, it will only cost you 0.99£ per transfer, try it now!
Get your first free transfer now!
💰 What is mobile money?
Mobile money is a way to send, receive and save money only with your phone without a bank account!
❓ How M-pesa Tanzania work?
Your mobile money account is linked to your operator, so you can easily do money transfer!
💸 How to send mobile money?
With Monisnap, you can send mobile money for your mobile or for a beloved one! All in just a few seconds with the Monisnap app.
💡 Why should I use Monisnap?
With Monisnap, you can send money to anyone in more than 100 countries no matter the operator of your recipient!
In less than 1 minute, with the lowest fees on the market and an easy process, Monisnap facilitates your money transfers.
Yannis Rahal