How to Easily Send Money from M-Pesa to ABSA Bank in 2023

Sending money from M-Pesa to ABSA bank has become a very common transaction in Kenya, thanks to the convenience of M-Pesa and ABSA's extensive reach. ABSA Bank is one of the largest banks in South Africa and has branches in several countries in Africa. M-Pesa, on the other hand, is a popular mobile money platform in Kenya. This article will guide you on how to send money from M-Pesa to ABSA bank.

Why Send Money from M-Pesa to ABSA Bank?

There are several reasons why you may want to send money from M-Pesa to ABSA bank. One of the most common reasons is to transfer money from your M-Pesa account to your ABSA bank account. Additionally, you can send money to a friend or family member who has an ABSA bank account. The process of sending money from M-Pesa to ABSA bank is easy, fast, and secure.

Requirements for Sending Money from M-Pesa to ABSA Bank

Before you can send money from M-Pesa to ABSA Bank, you need to ensure that you meet the following requirements:

• You must have an M-Pesa account
• You must have an ABSA bank account
• You must have sufficient funds in your M-Pesa account to cover the transaction
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Steps for Sending Money from M-Pesa to ABSA Bank

Follow these steps to send money from M-Pesa to ABSA bank:

Step 1: Go to M-Pesa on Your Phone

To send money from M-Pesa to ABSA bank, you need to access M-Pesa on your phone. You can do this by dialing *234# on your mobile phone and selecting M-Pesa.

Step 2: Select "Lipa Na M-Pesa"

After accessing M-Pesa on your phone, select "Lipa Na M-Pesa" from the menu.

Step 3: Choose "Paybill"

Next, select "Paybill" from the menu.

Step 4: Enter the ABSA Bank Paybill Number

Enter the ABSA Bank paybill number, which is 303030, and press "OK."

Step 5: Enter Your ABSA Bank Account Number

Enter your ABSA bank account number, followed by the amount you wish to send and your M-Pesa PIN.

Step 6: Confirm the Transaction

After entering your ABSA bank account number, amount, and PIN, confirm the transaction by pressing "OK."

Step 7: Wait for Confirmation

Wait for the transaction confirmation message from M-Pesa and ABSA Bank. You will receive a confirmation message from M-Pesa indicating that the transaction was successful.

Benefits of Sending Money from M-Pesa to ABSA Bank

Sending money from M-Pesa to ABSA bank comes with several benefits. First, the transaction is fast and secure, ensuring that your money reaches the intended recipient within a short time. Additionally, you can send money to any ABSA bank account in Kenya or other countries where ABSA bank has branches.

Conclusion

In conclusion, sending money from M-Pesa to ABSA bank is a straightforward process that you can complete within a few minutes. All you need is an M-Pesa account, an ABSA bank account, and sufficient funds in your M-Pesa account to cover the transaction. With this guide, you can send money from your M-Pesa account to any ABSA bank account in Kenya or other countries where ABSA bank has branches. Remember to confirm the transaction and wait for the confirmation message from M-Pesa and ABSA Bank.

FAQs

Q1: How long does it take to send money from M-Pesa to ABSA bank? A: The transaction is usually completed within a few minutes.

Q2: What is the ABSA Bank paybill number? A: The ABSA Bank paybill number is 303030.

Q3: Can I send money from M-Pesa to an ABSA bank account in another country? A: Yes, you can send money to an ABSA bank account in any country where ABSA bank has branches.

Q4: What is the maximum amount of money I can send from M-Pesa to ABSA bank? A: The maximum amount of money you can send from M-Pesa to ABSA bank is Ksh. 70,000 per transaction.

Q5: Are there any charges for sending money from M-Pesa to ABSA bank? A: Yes, M-Pesa charges a fee for sending money to ABSA bank. The fee varies depending on the amount of money you are sending.