The move will see the addition of a new transaction band of KSh151,000 to KSh250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill and all other transactions.
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Lipa Mdogo Mdogo is delivered in partnership with Android, Google's operating system for internet enabled devices.
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The funding provided by a consortium of four banks consisting of Standard Chartered, Standard Bank, ABSA, and KCB will enable Safaricom to access funding based on its progressive achievement of set milestones across key ESG areas.
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The higher account limit will be effective from Tuesday 15th August 2023 for all M-PESA customers.
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To mark the milestone, throughout the month, the Foundation joined by Safaricom staff will distribute Mama Packs in select hospitals across the country to support maternal and newborn care and share food hampers with children’s homes.
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Safaricom was recognised for its innovative approaches in integrating and implementing climate change interventions in its business strategies, and its investments in digital and green solutions that contribute positively to planetary, people and profits.
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Safaricom Shareholders Approve Two New Subsidiaries to Empower and Invest in Tech Start-ups in Kenya
These significant developments, approved at Safaricom’s 15th Annual General Meeting (AGM), represent a momentous step towards supporting tech entrepreneurs, fostering innovation, and fortifying Safaricom's role as a key enabler of the Kenyan tech community.
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Since 2019, Safaricom Foundation has invested Ksh271 million in over 1400 Ndoto Zetu community projects in education, health, and economic empowerment, improving the lives of more than 1.9 million Kenyans.
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