This archive report was first published on 18 June 2020.
On June 18, 2020, Safaricom announced the launch of its Lipa Na M-PESA Business smartphone app, designed to empower small and medium-sized businesses across the country.
The app, which is available for download on the Android Google Play store, allows 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, they can send money to other M-PESA customers, pay wages, pay for supplies, and make payments to other businesses.
According to Peter Ndegwa, CEO of Safaricom, the M-PESA for Business smartphone App is a solution tailored to meet the needs of small and medium-sized businesses. It enables them to send money and make payments, while providing simple and detailed reports from the convenience of their mobile phones.
The app also offers additional management features, such as an overview of different tills for business owners with multiple outlets and till usage management. It is 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 M-PESA for Business App is immediately available on the Android Google Play store and will be available on the iOS App store in the coming days. It complements the 234# menu, which has been providing Lipa Na M-PESA merchants with the ability to manage their till and make transactions.
