This archive report was first published on 18 June 2020.
On Thursday, Safaricom announced the launch of the Lipa Na M-PESA Business smartphone app, designed to cater to the needs of its over 170,000 merchants.
The app, named 'M-PESA for Business', enables business owners to access real-time statements, export statements, and track their business performance on the go.
With the app, business owners can also withdraw funds from Lipa Na M-PESA to their M-PESA accounts, bank accounts, or at an agent.
Additionally, business owners with a business till can now send money to other M-PESA customers, such as paying wages, supplies, or making payments to other businesses, all through the app.
According to Ndegwa, Safaricom's focus is on providing suitable technology solutions to help small and medium businesses grow. The M-PESA for Business smartphone App is one such solution.
He added that the app empowers more than 170,000 businesses across the country to send money and make payments, providing them with simple and detailed reports from the convenience of their mobile phone.
The app offers additional management features, including an overview of different tills for business owners with multiple outlets and till usage management.
It also provides detailed reports, including money-in and money-out charts, store overview, and frequently used Lipa Na M-PESA Tills and PayBills.
The 'M-PESA for Business' App is immediately available from the Android Google Play store and will be available on the iOS App store in coming days.
