Swypt Merchant Just Got a Major Upgrade. Here's Everything That's Changed
Two updates that bring Swypt closer to its goal of giving African businesses payment infrastructure that actually works for them — multicurrency settlement and a transparent fee structure.
Michael Kazungu • April 2026
Introduction
When we started building Swypt, the goal was simple: give businesses in Africa the kind of payment infrastructure that actually works for them. Not a watered-down version of what exists elsewhere. Not a workaround. Something built from the ground up for how money moves here.
Today, we're shipping two updates that bring us closer to that goal. Here's what's changed and why it matters.
You Now Choose What Currency Lands in Your Account
If you're a merchant on Swypt, you've always been able to receive payments through M-Pesa, bank transfers and other local rails. What you couldn't do — until now — is decide in real time what currency those payments settle into.
That changes today.
From your Swypt Merchant dashboard, you'll notice a new toggle. Flip it to KES and every incoming payment settles into your account in Kenya Shillings. Flip it to USD and that same payment arrives as US Dollars. No calls to make. No forms to fill. No waiting for a bank to process a conversion on their timeline.
This matters more than it might first appear. If you're a business with suppliers who bill in dollars, holding USD in your Swypt account means you're not losing money every time the exchange rate moves before you can convert. If you operate entirely locally and KES is what you need, you stay in KES. You're in control.
The feature works because of the blockchain infrastructure running underneath Swypt. When a payment comes in, the conversion — where applicable — happens at the protocol level, instantly, and at a cost that traditional banking simply cannot match. There's no correspondent bank taking a cut in the middle. There's no overnight settlement window. It's real time, every time.
This is what we mean when we say blockchain-powered. Not as a buzzword. As an actual explanation for why this works the way it does.
The Fee Structure Has Been Updated
We've also updated how we charge for transactions. We wanted to share the full picture clearly, so here it is.
Inbound — money coming into Swypt
Depositing via M-Pesa or bank into a KES account costs 0.5%. Depositing into a USD account costs between 0.5% and 1%. If you're moving money between two Swypt accounts, that transfer is completely free — no fee on either end.
Inbound Fees
| Transaction Type | Fee |
|---|---|
| KES Account (M-Pesa & Bank → Swypt) | 0.5% |
| USD Account (M-Pesa & Bank → Swypt) | 0.5% – 1% |
| Swypt → Swypt Transfer | FREE |
Outbound — Withdraw to M-PESA
| Volume (KES) | To M-PESA Number (KES) | To Paybill / Till (KES) |
|---|---|---|
| 10 – 1,000 | 4 | 10 |
| 1 – 500 | 5 | 11 |
| 501 – 1,000 | 5 | 14 |
| 1,001 – 1,500 | 5 | 25 |
| 1,501 – 2,500 | 9 | 30 |
| 2,501 – 3,500 | 9 | 50 |
| 3,501 – 5,000 | 9 | 56 |
| 5,001 – 7,500 | 11 | 76 |
| 7,501 – 10,000 | 11 | 88 |
| 10,001 – 15,000 | 11 | 98 |
| 15,001 – 20,000 | 11 | 104 |
| 20,001 – 25,000 | 13 | 120 |
| 25,001 – 250,000 | 13 | 135 |
Bank Transfers (Swypt → Bank)
| Method | Fee |
|---|---|
| PesaLink | KES 40 |
| RTGS (USD / GBP) | 5 (USD / GBP) |
| RTGS (KES) | KES 450 |
| SWIFT / EFT | USD 50 |
What Hasn't Changed
Your security protections. Your data privacy. The irreversibility safeguards that ensure your settlements are final and protected. The fact that Swypt is governed under Kenyan law. The team behind the product. None of that changes.
What we are doing is building on a foundation that already works and making it more useful for the businesses that depend on it every day.
How to Get Started
If you're already on Swypt Merchant, log into your dashboard today. The currency toggle is live. Set your preference, and your next incoming payment will settle accordingly.
If you're not on Swypt yet, now is a good time to start.
support@swypt.io
+254 715 333 999
www.swypt.io
West Park Suites, Ojijo Road, Nairobi
