How can I use M-Pesa?

Sending money

1. Go to the ‘Safaricom’ menu and select ‘M-PESA’
2. Select ‘Send Money’.
3. Enter your recipient’s phone number, the amount you wish to send and your PIN.
4. You and the recipient will receive an SMS confirming the transaction.

Is M-Pesa a bank?

M-Pesa is a virtual banking system that provides transaction services through a SIM card. Cash collected from M-Pesa is deposited in bank accounts held by Safaricom. The bank accounts serve as regular checking accounts and are insured up to a maximum of 100,000 shillings (or $1000) by the Deposit Protection Fund.

Who is the founder of M-Pesa?

Nick Hughes
Susie Lonie
M-Pesa/Founders
Susie Lonie and Nick Hughes are the people responsible for Kenya’s M-Pesa mobile money transfer system. It allows people without bank accounts to transfer money quickly, easily and safely using their mobile phones, and has radically altered developing world economies.

What is an M-Pesa code?

To use M-Pesa service using the short code, all you have to do is, dial *334# upon which you’ll be presented with a choice of the different M-PESA services including: Send Money. Withdraw Cash. Buy Airtime.

What are the benefits of M-Pesa?

M-PESA lets people deposit, send, and withdraw funds on their mobile phones. … M-PESA is convenient, fast, secure, accessible and above all cost less when compared with the competition. And these advantages were the driving force in favour of its adoption at the individual level (Mugambi et al., 2014) .

How can I get M-Pesa line?

To get an aggregated M-Pesa line you will need to look for an authorized Safaricom dealer (Agent) so as to get registered and be issued with an M-pesa agent Till line. There are several authorized Safaricom dealers across the country that you can contact to get registered as an M-pesa agent.

Can M-Pesa hold 1million?

50) and a maximum amount of Kenya Shillings one million (Kshs. 1,000,000) or such other minimum or maximum amount as the Bank may from time to time in its sole discretion determine.

Why did M-Pesa fail in South Africa?

South Africa factor Vodacom’s previous attempt in 2010 to introduce M-Pesa in South Africa failed. In 2016, the company scrapped the service in its home market, where it faced stiff competition and could not attract enough users to the platform.

Can Nigerians use M-Pesa?

Of the “big three” economies in Africa (South Africa, Egypt and Nigeria), mPesa is currently only available in one — Egypt. This is not from a lack of trying. Following multiple failed starts in South Africa, the service was eventually scrapped in 2016.

How do I apply for uwezo Kash?

1. Download the App. Join thousands of happy customers by downloading Uwezo Kash Mobile Loan app from Google Play Store to get started.
2. Apply for Loan. Fill up your personal details and proceed to make loan application.
3. Get Approved. Your loan application is reviewed and approved within 24hrs.
4. Receive Cash. Congratulation!

How do I get an M-PESA shortcode?

Safaricom today has announced that they have rolled out MPESA services through a shortcode menu. MPESA services will now be accessed by dialling *334# on your phone. This will pair well with the current methods of accessing MPESA menu, which is through the toolkit and the mySafaricom app.

Is M-Pesa secure?

M-Pesa offers a safe, fast and low-cost way to pay, receive, transfer and store money. M-Pesa, works in real time and digitally, making it faster and cheaper than traditional informal money transfer services (e.g. sending money on a bus) and safer since every transaction is protected and signed with a PIN.

What is PayPal mobile money service with M-Pesa?

How to Link M-PESA to PayPal on PayPal Mobile Money Service First, go to PayPalmobile.com an PayPal to mpesa withdrawal link Next, click on “Get Started” button and log in to your PayPal account. Next, you need to link your PayPal account and M-PESA by entering your registered M-PESA mobile number and then click on “Link my Accounts” button. Lastly, you will get a confirmation code on your phone.

What is M-Pesa bill payment?

The Mpesa PayBill number is mostly used for digital and eCommerce payments, such as purchase goods and services. You can use the M-Pesa pay bill number for immediate payment for goods and services. Because it is instant and secured, transactions using Mpesa pay bill numbers are quick and very convenient. That is how Mpesa paybill works.

What is Lipa na M-Pesa?

What is Lipa Na M-PESA. Loosely translated to ‘Pay with M-PESA’ (mobile money service). The service has two components, Paybill and Buy goods . Pay Bill is for remote payments and the customer does not have to be present whilst paying. The customer has an official relationship with the organization to whom they are making payment and has an “account number” that helps identify the user.