Earlier this month, Telekom Kenya announced new T-Kash rates aimed at making mobile money transactions affordable to each and every user in the country. Previously, T-Kash rates were reduced due to the COVID19 to ease customer lives affected by the unprecedented disruptive pandemic, and now, new rates have been announced since pandemic effects have tripped new lows.
According to the telco, it has reduced its rates, and for the sending-to-non-Telkom users category, transaction bands from KES 101-2,500 now have slightly lower charges as compared to the usual rates. Also, Person to Person transactions from KES 1 – KES 100 continue to remain free in order to favor users transacting with low amounts.
By Transaction limits, the T-Kash daily limit remains at KES 150,000, the daily sending limit at KES 300,000, and wallet limit access at KES 300,000. All transactions above KES 100 as well attract dynamic charges like the case has been before, and here is a full list of the current Telekom Kenya T-Kash rates.
Current Telekom Kenya T-Kash Rates
| Sending Money to Registered Users (T-kash & Other Networks) | Send Money to Unregistered Users | Withdrawal at an Agent | |
|---|---|---|---|
| KES | KES | KES | |
| 1 – 49 | Free | N/A | N/A |
| 50 – 100 | Free | N/A | 10 |
| 101 – 500 | 5 | 36 | 26 |
| 501 – 1,000 | 12 | 41 | 26 |
| 1,001 – 1,500 | 20 | 46 | 26 |
| 1,501 – 2,500 | 32 | 61 | 26 |
| 2,501 – 3,500 | 45 | 93 | 48 |
| 3,501 – 5,000 | 55 | 120 | 65 |
| 5,001 – 7,500 | 65 | 145 | 80 |
| 7,501 – 10,000 | 85 | 190 | 105 |
| 10,001 – 15,000 | 90 | 245 | 155 |
| 15,001 – 20,000 | 90 | 265 | 175 |
| 20,001 – 35,000 | 100 | 285 | 185 |
| 35,001 – 50,000 | 100 | N/A | 265 |
| 50,001 – 300,000 | 100 | N/A | 295 |
Similar to MPESA rates and other telco charges like MTN, Airtel in Uganda, T-Kash rates are subject to change as the business atmosphere changes. But due to the COVID19 Pandemic which continues to show a strong presence in 2021, sending and withdraw rates may not be changed by much in order to favor customers.
Also, Telkom Kenya also inked that it’s embarking on a journey to enhance its digital financial services in the coming months to make it more reflective to customer demands, and with respect to increased security, simplicity, availability, and reliability of all services.