Airtel Money has increased the daily transaction limit for its customers from the current Ksh.300,000 to Ksh.500,000 effective August 15, 2023.
In a press statement on Tuesday, August 15, Airtel Money Kenya announced that it has received approval from the Central Bank of Kenya (CBK) to increase the daily transaction by Ksh.200,000.
Further, Airtel Managing Money Director Anne Kinuthia Otieno, expressed her enthusiasm for the new development.
“We are elated about 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, government agencies, among others.
In addition, the new daily transaction limit will also support the growth of the digital economy in Kenya.
“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.”
This strategic move aligns with Airtel Money’s commitment to enabling seamless and affordable digital transactions to all Kenyan citizens and businesses.
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.
Even though the daily transaction limit will increase from the current Kes 300,000 to Kes 500,000, the limit per transaction will remain at Kes 150,000 and customers can transact multiple times up to the limit of Kes 500,000 daily.
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
The telco offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.