Lipa na M-PESA Business Till 2023

Lipa na M-PESA Business Till 2023

Lipa na M-PESA Short Term Pay Bill

Lipa na M-PESA Business Till 2023 M-PESA is a mobile-based money transfer service in Kenya. The M-PESA Business Till is a feature that allows businesses to accept payments from customers via M-PESA. This feature allows customers to make payments to a business by using the Pay Bill function on their M-PESA account, and entering the business’ Pay Bill number.

Lipa na M-PESA Short Term Pay Bill is a payment service that allows customers to make payments to businesses using a unique shortcode, instead of a Pay Bill number. This service is intended for businesses that need to collect payments on a one-time or short-term basis, such as for events or services. Customers can make payments to the shortcode using the Lipa na M-PESA option on their M-PESA menu. Lipa na M-PESA Business Till 2023

What’s great about this Lipa na M-PESA Business Till

Lipa na M-PESA is a convenient and secure way for businesses to accept payments from customers in Kenya. Some of the benefits of using Lipa na M-PESA include:

1. Convenience: Customers can make payments using their mobile phone, without the need for cash or a bank account.
2. Security: Payments are made through the secure M-PESA platform, reducing the risk of fraud or theft.
3. Accessibility: Lipa na M-PESA is widely used in Kenya, and is accessible to a large number of customers.
4. Speed: Payments are processed in real-time, allowing businesses to access funds quickly.
5. Flexibility: Lipa na M-PESA allows businesses to accept payments for a wide range of goods and services.
6. Short-term Pay Bill allows businesses to collect payments on a one-time or short-term basis, this is very useful for event organizers, service providers, and other businesses that need to collect payments occasionally.
7. Low transaction cost.

8.Easy integration with business systems, through the use of API’s.

9. Easy monitoring and tracking of transactions.

Overall, Lipa na M-PESA provides businesses in Kenya with a reliable and efficient way to accept payments from customers, making it a great option for businesses of all sizes. Lipa na M-PESA Business Till 2023

What are the charges for the new M-PESA Business till transactions?

Lipa na M-PESA Business Till 2023 M-PESA charges businesses a fee for transactions made through the M-PESA Business Till. The fees vary depending on the type of transaction and the amount involved.

1. Pay Bill: For Pay Bill transactions, businesses are charged a flat fee of KES 25 + 1% of the transaction amount for each transaction.
2. Buy Goods and Services: For transactions made through the Buy Goods and Services option, businesses are charged 1.5% of the transaction amount for each transaction.
3. Lipa na M-PESA Shortcode: For transactions made through Lipa na M-PESA Shortcode, businesses are charged a flat fee of KES 5 + 1% of the transaction amount for each transaction.

Note: These charges are subject to change and it’s always good to check with the M-PESA website or with your M-PESA business agent for the latest charges.

It’s also worth noting that these fees may be subject to change, depending on the agreement with Safaricom, and it’s always a good idea to check the M-PESA website or with your M-PESA business agent for the most up-to-date information. Lipa na M-PESA Business Till 2023

Lipa Na M-PESA Account Opening/ How to Open Lipa Na M-PESA.

Lipa na M-PESA Business Till 2023 To open a Lipa na M-PESA account, businesses in Kenya need to follow these steps:

1. Visit the nearest M-PESA Agent: Businesses will have to visit the nearest M-PESA agent and fill out the Lipa na M-PESA account opening form.
2. Provide required documents: The business will have to provide the necessary documents, such as a copy of the business registration certificate, a copy of the national ID of the authorized signatory, and other relevant documents as required by Safaricom.
3. Pay the Account opening fee: Businesses will have to pay an account opening fee, which varies depending on the type of account being opened.
4. Activation of account: Once the account is activated, the business will receive a Lipa na M-PESA shortcode, which will be used to receive payments from customers.
5. Register for Lipa na M-PESA API: Businesses that have their own systems, and they want to integrate Lipa na M-PESA, they will have to register for the Lipa na M-PESA API and get a developer key.
6. Train your employees: Businesses will have to train their employees on how to use the Lipa na M-PESA service and how to handle customer transactions.

It’s important to note that some of the steps may vary depending on the agreement with Safaricom, and it’s always a good idea to check the M-PESA website or with your M-PESA business agent for the most up-to-date information and requirements. Lipa na M-PESA Business Till 2023

Pochi La Biashara.

Pochi La Biashara is a business loan service offered by Safaricom, the company behind the M-PESA mobile money transfer service in Kenya. The service allows businesses to apply for loans directly through the M-PESA platform, using their M-PESA account as collateral.

Some of the benefits of Pochi La Biashara include:

• Quick and easy application process: Businesses can apply for a loan through the M-PESA platform, without the need to visit a bank.
• No collateral required: Businesses can use their M-PESA account as collateral for the loan, eliminating the need to provide physical collateral.
• Competitive interest rates: Pochi La Biashara offers competitive interest rates compared to traditional bank loans.
• Flexible loan amounts: Businesses can apply for loans of varying amounts, depending on their needs.
• Fast loan disbursal: Once the loan is approved, the funds will be disbursed to the business’ M-PESA account within minutes.
• Convenient repayments: Businesses can make loan repayments directly through their M-PESA account.

It’s worth noting that Pochi La Biashara is not available for every business and the terms of the loan might vary based on the creditworthiness of the business, the loan amount, and other factors. It’s always a good idea to check the M-PESA website or with your M-PESA business agent for the most up-to-date information and requirements.