![]() Whether it’s on a smartphone or a desktop, M-PESA organisations have everything they need to manage their finances and inventory with M-PESA. M-PESA also makes it easy for organisations to manage and pay utility bills and taxes. M-PESA validates the recipients name and phone number to ensure payments go where they’re intended. Typically used for paying salaries, NGO/government disbursements and petty cash payments. M-PESA organisations can send money to individuals or in bulk in real time. Where logistics are involved, M-PESA offers an escrow service, whereby the funds are held until the buyer confirms receipt of the goods. Customers enter their phone number on the merchant checkout page before receiving a prompt to their phone to enter their M-PESA PIN, confirming the transaction. Online: By integrating with our APIs, local and global e-commerce businesses can make M-PESA a payment option on their websites. In Store: M-PESA businesses can receive payments for goods and services through their M-PESA business accounts, either via unique 6-digit till numbers, a QR code, point of sale devices or digital invoices. Bank TransfersĬustomers and Agents can transfer money between their M-PESA wallets and bank accounts in real time. Through our partners, we offer insurance products that cover health, agriculture, devices, transport, funerals and businesses. M-PESA customers can contribute to insurance schemes to safeguard against unforeseen events or financial shocks. As always, we work hard to educate customers so that they understand the risks and rewards associated with such investments. M-PESA customers can set their risk appetite and invest into wealth management funds to increase returns on their holdings. The better their credit score, the larger their overdraft can be.Īgents also have access to an overdraft to ensure they can offer the best service to our customers, even when they’re low on float. ![]() OverdraftĬustomers can access an overdraft facility on M-Pesa to support them to make payments when they don’t quite have enough balance on their account. Savings accounts contribute to strengthening our customers’ credit scores, giving them better access to financial services. Halal M-PESA also enables our customers to save safely whilst complying to Sharia laws. M-PESA customers have access to fantastic individual and group savings products including Xitique in Mozambique, M-Koba in Tanzania, Mokhatlo in Lesotho and M-Shwari in Kenya. We work hard to ensure customers not only have access to credit but are also educated so they understand the implications of a loan. Products include M-Shwari and KCB M-PESA in Kenya and M-Pawa in Tanzania. M-PESA customers build a credit score that enables them to access loans via our bank partners. ![]()
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