Airtel recorded an incredible rise in market share from 4.6% to 23% thanks to its mobile transactions. For that reason, we shall have a look at Artel’s digital money charges, rates, withdrawals, and paybill transactions.
With an Airtel line, you can easily register for Airtel Money and enjoy their services. They have widespread shops and agent centers where to can register your details and have access to customer support.
Airtel Money Charges 2019
Estimated to charge half as much as its leading competitor, Safaricom; Airtel money has been able to score over 8.7 million users. Below is a table showing new Airtel Money transaction charges.
|Minimum||Maximum||Transfer to Other Networks||Withdrawals from Agent|
In comparison to Mpesa and T-Kash by Telkom, airtel money is still the cheapest option for sending and withdrawing money. Whether the rates are on or offset, the charges are relatively half the amount compared to other networks.
For all the transactions, certain terms and conditions applied including;
- The maximum balance you can have in your account is Kshs. 140,000
- The maximum daily transaction value is Kshs. 140,000.
- The maximum amount per transaction is Kshs. 70,000. Hence, you’re only allowed to have two transactions in a day amounting to this same value.
- Withdrawals for both on-net and off-net customers cost the same throughout.
- Customers from other networks cannot withdraw more than Kshs. 35,000 per transaction
Lipa Na Airtel Services
On another development, airtel has a lipa na Airtel money service that allows you to use pay bill numbers to get access to basic services you require for your day to day activities. If you’d also like to purchase goods and services from a merchant, the service can be of great assistance.
The standard method for paying for services via paybill is as shown below.
- Open your Airtel Money menu of the smartphone. It will be under your Sim toolkit.
- Click on the Lipa na Airtel Money, make payments option.
- Select paybill.
- Scroll and select other.
- Business number: 890500.
- Select the account number and key in your mobile number.
- Key in the amount payable.
- Add in your personal PIN.
- Under references, select the invoice number as the account number.
Select okay and confirm details.
How to use Airtel Money via SMS
- From your phonebook dial *222#
- Select the Airtel Money Menu
- Choose your preferred language.
- Select Lipa Na Airtel Money
- Then PayBill
- Select Other
- Under the Business Name section, key in the Paybill Number: 890500
- Add in the amount payable in Kshs
- Key in your Airtel Money PIN.
- As for the account number, Enter the Invoice Number
- Add in the Airtel Money Confirmation number, and you’ll receive an automatic response.
How to Pay Bills via Airtel Money
Airtel money has allowed you to pay for common utilities free of charge. These bills could include;
- Kenya Power
To purchase credit, you can buy from other networks, including equitel and Mpesa. Here’s a simple method for buying airtime from Mpesa through their Paybill number.
- Open your Airtel Money menu on your mobile phone.
- Click on the Lipa na Mpesa option.
- Select paybill.
- Add in the business number: 220220.
- Next, click on the account number and key in your Airtel mobile number.
- Key in the amount for credit.
- Add in your Mpesa PIN.
- Select okay and confirm details.
The amount you purchased will be sent to pesapal mobile services which then translates to chapchap that credits your airtel number. The process will not take longer than five minutes.
How to Transfer Money from Airtel Money to Mpesa and Vice Versa
Seeing how diverse Airtel money is, you can easily transfer money from your airtel mobile account to Mpesa using these simple steps.
- From your smartphone, dial *222#
- Select the option of sending money
- Click on send to Mpesa option
- Add in the recipients Safaricom number
- Key in the amount
- Crosscheck all the information to avoid errors, and confirm by clicking okay.
- Add in your secret PIN
- Select okay
A prompt message should soon follow confirming a successful transaction. Luckily, Safaricom as well introduced Tuma Pesa popote that also supports sending money to Airtel money. Here’s how:
- From your phone, dial *234#
- Select M-Pesa products
- Key in 98 for additional services
- Select M-Pesa Tuma Popote which. Should be option eight
- Add in the number you wish to send money to, Airtel number.
- Enter your Mpesa PIN
- Click okay for confirmation.
A quick message will appear to show an approved and successful transaction. The sums of money should reflect on your Airtel money account. Mpesa charges will apply depending on the amount you are sending.
Transactions with Other Countries
Ever since early 2012, Airtel money has diversified its reach allowing kore countries to transact with their services including Uganda, Rwanda, and other African countries. Similar to the transactions above, you can simply send money across the national borders using this method.
- On your phone, dial *222#
- Click on send money and select international money transfer.
- Select the specific country you will be sending to.
- Add the mobile number of the person you’ll be sending to in the other country.
- Put in the amount to be sent
- Add in your personal PIN.
- Confirm details and select okay.
- Await for the confirmation message for a successful transaction.
As long as the country you’ll be sending to is on the drop-down menu, you can send to that selected state.
Withdrawing Money from Airtel Money
Withdrawals will be running smoothly as usual as the rates and charges apply. One can withdraw from an agent or through the atm. Following the current interoperability process that’s was meant to link telecommunications Safaricom and Airtel, their money withdrawal services still remain as per the specific service.
Airtel clarified the issue on transfer on funds as well as withdrawing of funds by an airtel number through an Mpesa agent. It stated that even with the easy and facilitated mode of funds transfer, one would not be able to withdraw funds from Mpesa agents and vice versa.
Any money sent to either service will reflect in real-time, automatically updating the account balance. Hence, withdrawals will not change, and business will remain as usual. The move will be advantageous to both parties.
Airtel Kenya sits as the number two mobile service provider in the country with over 42 million subscribers. Every year, the company records a percentage increase in its subscribers and market share with a recent 18% jump. This could only mean that airtel money is gaining popularity as well.
In the last financial year, Airtel money recorded a total mobile transaction of over 1.8 trillion with an estimated increase of 100 million every quarter. Known for it’s easy and fast transactions across its subscribers as well as Mpesa users, Airtel money has yet come close to its competitor.