Airtel money increases daily transaction limit to KSH 500,000

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Nairobi, Kenya August 15...Airtel Money Kenya Ltd receives approval from the Central Bank of Kenya (CBK) to increase the daily transaction limit for its customers from the current KSH 300,000 to KSH 500,000 effective August 15, 2023.

"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." said Airtel Money Kenya Ltd Managing Director Mrs. Anne Kinuthia Otieno

The increase in the daily transaction limit is expected to benefit a wide range of Airtel Money customers, including businesses, government agencies, among others. It will also support the growth of the digital economy in Kenya

“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.” added Anne

The daily transaction limit will increase from the current KSH 300,000 to KSH 500,000. The limit per transaction will remain at KSH 150,000 and customers can transact multiple times upto the limit of KSH 500,000 daily 

Subsequently the strategic move aligns with Airtel Money's commitment to enabling seamless and affordable digital transactions to all Kenyan citizens and businesses, In addition the company recently announced that it has tripled its number of mobile money agents and targets to close at 120,000 agents by the end of 2023.

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