Vodacom Mpesa is a mobile payments network of Vodacom Tanzania that can help you quickly send and receive money. It also supports withdrawals from Mpesa agent shops available countrywide.
It is a large multi-service platform with diverse offerings allowing even airtime purchases, access to quick loans and savings, and international transfers. Further, you can pay for your favorite things at millions of shops and businesses using Lipa kwa Simu’s Vodacom Mpesa.
Vodacom Mpesa offers a free account, but transaction fees apply to its mobile money services like withdrawals. Today, we are looking at what it costs when you withdraw funds using it in Tanzania;
Vodacom Mpesa’s latest withdrawal fees in TZ
The cost of withdrawing money from Vodacom Mpesa varies depending on the amount of cash you want.
These transaction fees are compounded with the government levy, which is compulsory. This government levy also varies through the transaction bands available for Vodacom Tanzania, but it maintains a constant in some.
For instance, for the lowest band of Tsh200-Tsh499, the Mpesa transaction fee is Tsh80 plus a Tsh10 government levy to bring the total cost to Ksh90. This Tsh10 government levy persists up to the transaction band of Tsh2,000-Tsh2,999, then Tsh14, Tsh27, Tsh54, and so on, up to the government charge of Tsh2,000 which is added to the transaction fee of Tsh10,000 to become Tsh12,000 for withdrawal amounts exceeding Tsh3 million.
Here are the newest Vodacom Mpesa transaction charges for withdrawals. We will compound the government levy with the actual Mpesa transaction fees to come up with exactly what you will be charged when you go get cash at Vodacom agents’ shops:
|Amount to withdraw from Vodacom Mpesa
|Total withdrawal cost (Mpesa transaction fee + government levy) – 2024
|Tsh200 to Tsh499
|Tsh500 to Tsh999
|Tsh1,000 to Tsh1,999
|Tsh2,000 to Tsh2,999
|Tsh3,000 to Tsh3,999
|Tsh4,000 to Tsh4,999
|Tsh5,000 to Tsh6,999
|Tsh7,000 to Tsh9,999
|Tsh10,000 to Tsh14,999
|Tsh15,000 to Tsh19,999
|Tsh20,000 to Tsh29,999
|Tsh30,000 to Tsh39,999
|Tsh40,000 to Tsh49,999
|Tsh50,000 to Tsh99,999
|Tsh100,000 to Tsh199,999
|Tsh200,000 to Tsh299,999
|Tsh300,000 to Tsh399,999
|Tsh400,000 to Tsh499,999
|Tsh500,000 to Tsh599,999
|Tsh600,000 to Tsh699,999
|Tsh700,000 to Tsh799,999
|Tsh800,000 to Tsh899,999
|Tsh900,000 to Tsh1 million
|Tsh1 million to Tsh3 million
|Above Tsh3 million
Does Vodacom Mpesa have transaction limits?
Yes, Vodacom Mpesa in Tanzania has transaction limits, which are enforced on money transfers and withdrawals based on tiers, and there are Tiers 1, 2, and 3, depending on where the customer has reached verifying the mandatory KYC requirements.
Tier 1 is a default upon the normal ID verification. It allows a maximum daily transfer of Tsh1,000,000, and customers can hold a balance of not more than Tsh2 million in their mobile money accounts once. Its yearly limit is Tsh30 million.
For Tier 2, whose verification requires your photo ID, its maximum transfer limit per day is Tsh2 million, it can hold a balance of up to Tsh5 million, and its yearly transaction limit is Tsh200 million.
You must submit your business license and tax certificate with your national ID to be in Tier 3. It supports daily transfers of Tsh50 million and has a limitless yearly cap.