This archive report was first published on 19 June 2020.
On June 19, 2020, Safaricom Inc. introduced the Lipa Na M-PESA Business app, designed for the more than 170,000 business owners on the service.
The app, available on the Google Play Store, is dubbed 'M-PESA for Business' and aims to 'empower business owners to access real-time statements, export statements, and track their business performance on the go.'
Business owners will enjoy numerous benefits, including easy withdrawal of funds from Lipa Na M-PESA to their M-PESA accounts, bank accounts, or at an agent.
Merchants 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 Peter Ndegwa, CEO of Safaricom, '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.'
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 also comes bundled with detailed reports, including money-in and money-out charts, store overview, and frequently used Lipa Na M-PESA Tills and paybills.
The app will be available on the iOS App Store in the coming days.
