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
• 
  

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.