Safaricom has announced that the volume of companies utilizing its standard Lipa na M-PESA carrier has now crossed the 200,000 worth. The milestone highlights the reputation of the M-PESA carrier as a most well-most standard mode of price by companies in Kenya.
Safaricom has reported that the improve has been accelerated by the COVID-19 pandemic where cashless transactions has been encouraged and transaction charges had been slashed for transaction below KShs 1000.
Lipa na M-PESA is a carrier that enables companies to salvage and develop price utilizing M-PESA, which is diversified from the fashioned M-PESA carrier focusing on contributors.
Using Lipa na M-PESA (which suggests Pay with M-PESA), companies have entry to virtually unlimited transactions as effectively as diversified more or much less monitoring on the utilize of the carrier. It also comes with an API that enables for integration with diversified programs and automation of price products and providers utilizing M-PESA.
M-PESA on USSD
On the same time, Safaricom has also launched a USSD shortcode that would possibly well perchance well furthermore be used to entry M-PESA. Beginning September 2020, M-PESA customers will most certainly be ready to entry the carrier by dialing *334# from their phones.
Though USSD shortcodes are effectively-most standard by mobile money suppliers in lots of areas, M-PESA changed into once handiest accessible by the SIM instrument kit menu. This posed challenges to a pair customers ceaselessly when the menu would possibly well perchance well not be accessed, or these who had to battle by various steps to entry the SIM toolkit.
Using USSD to entry M-PESA would possibly well perchance well also originate new replacement for M-PESA to be used on other networks exterior Safaricom, though it is highly not going that Safaricom will steal that route. With a mobile money market part of 98.8%, Safaricom is liable to continue utilizing M-PESA to lock in customers in its community.
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