Safaricom has launched a Lipa Na M-Pesa business smartphone app for the more than one hundred and seventy thousand merchants on the service. Dubbed “M-Pesa for Business“, it will empower business owners to access real-time statements, export statements and track their business performance on the go.
Through the app, business owners can further withdraw funds from Lipa Na M-Pesa to their M-Pesa accounts, bank accounts or through an agent. Business owners with a business till can now also send money to other M-Pesa customers for paying wages, supplies and other businesses through the app.
“At Safaricom, we are taking a focus on the needs of small and medium businesses to provide them with suitable technology solutions to help them grow. The M-Pesa for Business smartphone App is one such solution. It empowers more than one hundred and seventy thousand businesses across the country to send money and make payments , while providing them with simple and detailed reports from the convenience of the mobile phone,” said Peter Ndegwa, Chief Executive Officer, Safaricom.
In addition to making transactions from their Lipa Na M-Pesa tills, the app will offer additional management features such as an overview of different tills for business owners with multiple outlets and till usage management. It is also packed with rich, detailed reports including money-in and money-out charts, store overview and frequently used Lipa Na M-Pesa tills and paybills.
The app is designed to take advantage of unique smartphone capabilities to provide businesses with powerful, additional features and a digital, modern way to use the service. Safaricom has also rolled out a portal where any business across the country can now apply online for a Lipa Na M-Pesa till. The app will be immediately available to these businesses once their application is processed and a till number allocated.