Safaricom launches Lipa Na M-Pesa mobile wallet

Thursday 27 June 2013 07:40 CET | News

Kenyan mobile network operator Safaricom has launched a mobile wallet dubbed Lipa Na M-Pesa that enables consumers to pay for goods and services using mobile money without incurring transaction charges.

Shopkeepers, kiosks, saloons and motor garage owners must register their businesses with Safaricom and get a special till number to offer the service. Shoppers can, for instance, use the mobile money platform to pay for goods at the supermarket till and send the exact value of the good sold or service rendered.

Traders will use copies of their PIN certificates, Identification Card and trading license to get a till number that customers will use to pay for goods and services.

To use the Lipa na M-Pesa service, customers will go to the M-Pesa menu and select payments services, buy goods, then enter the till number displayed by the traders and follow the subsequent prompts to complete the transactions.

In recent news, Safaricom has started to upgrade M-Pesa to a new platform that will enable users make instant payments of their bills.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Safaricom, Lipa Na M-Pesa, mobile wallet, Kenya
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce