Airtel Money increases daily transaction limit

By Peter Ochieng

Airtel Money Kenya limited has received approval from the Central Bank of Kenya (CBK) to increase the daily transaction limit for its customers.

The limit goes up from Sh300, 000 to Sh500, 000 effective today, 15th August, 2023.

Anne Kinuthia-Otieno, Managing Director Airtel Money (K) Ltd, expressed her enthusiasm for the development.

"We are elated about the CBK's decision as this change will significantly empower our customers and partners by providing them with the flexibility to conduct larger transactions and manage their finances more effectively."

She said the increase in the daily transaction limit is expected to benefit a wide range of Airtel Money customers, including businesses and government agencies.

“This is a positive step as it has very positive economic benefits for the Kenyan economy."

“Businesses can now conduct their operations more conveniently, efficiently, and consumers can access a wider range of goods and services contributing to economic growth, job creation, and improved financial stability in Kenya," said the MD.

She added that the move aligns with Airtel Money's commitment to enabling seamless and affordable digital transactions to all Kenyan citizens and businesses.

The limit per transaction will remain Sh150, 000 while customers can transact multiple times up to the limit of Sh500,000 daily.

The move come a day after rival company, Safaricom which runs Mpesa increased the daily limit from Sh300, 000 to Sh500, 000.