Safaricom Plc on Sunday, July 19, introduced a new update on its M-PESA service that will now show how much more the user is permitted to use or send in a day after every transaction.
The new update will accompany the transaction message that the telecommunication company usually sends when M-PESA is used.
To put it into context, if an M-PESAuser transacts Ksh20,000 the message at the bottom will indicate that Ksh80,000 can still be transacted by the user in a day.
The update came after Safaricom resumed M-PESA services on Sunday 10 a.m. following an outage since Saturday, July 18 at 10 p.m.
"All M-PESA services have been fully restored following the earlier communicated planned service maintenance.
"We apologise for any inconveniences caused during the maintenance and thank our partners and customers for their continued support," read a statement from Safaricom.
M-PESA users will now be saved from calculating how much they are left to spend in a day after every transaction that posed a challenge to those dealing with large amounts.
Central Bank of Kenya (CBK) on Monday, March 16, announced a raft of measures after a meeting with Payment Service Providers that included an increase in transaction limit for mobile money.
The daily limit for mobile money transactions was more than doubled from Ksh140,000 to Ksh.300,000 to promote the use of cashless payments during the Covid-19 pandemic.
The government announced that notes could be a potential spreader of the deadly virus as the are handled by many individuals with the virus able to survive on paper for a number of hours.
CBK also announced an increase in the limit in a single transaction from Ksh70,000 to Ksh150,000 in a day.
