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Finance Act 2023: Safaricom increases M-Pesa charges, cuts call, SMS rates
This means that mobile money transfer charges are going up while charges on call, data and SMS charges are going down.
Photo credit: File | Nation Media Group
Safaricom has adjusted M-Pesa, call, data, SMS and home fibre charges to align with the revised excise duty in the Finance Act 2023.
The Act has revised the excise duty on mobile money transfer services upwards to 15 per cent from 12 per cent while the excise duty on telecommunication services was revised downwards to 15 per cent from 20 per cent.
