Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Tuesday, August 9, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
www.theexchange.africa

Safaricom CEO Peter Ndegwa. Photo: Peter Ndegwa (Twitter).

Kenya: Safaricom finally allows Airtel, Telkom customers to use M-Pesa Pay Bill Numbers

Kenyans can now make direct mobile money payments to an M-PESA Pay Bill Number from any network

by Wanjiku Njugunah
July 21, 2022
in Business, Investing, Tech & Business
0
Share on FacebookShare on LinkedIn
  • Kenya’s leading telcos have signed a landmark deal that will propel the mobile money space in the country
  • Telkom, Safaricom, and Airtel announced that Kenyans can now make direct mobile money payments to an M-PESA Pay Bill number from any network
  • The companies said the move follows their announcement in April 2022, which saw Kenyans being able to make mobile money payments to M-PESA Buy Goods and Services Tills from any network

Kenya’s leading telcos have signed a landmark deal that will propel the mobile money space in the country.

On Friday, July 15, 2022, Telkom, Safaricom, and Airtel signed a deal to allow Kenyans to make direct mobile money payments to an M-PESA Pay Bill number from any network.

In a statement, the telecommunications companies said the move follows their announcement in April 2022, which saw Kenyans being able to make mobile money payments to M-PESA Buy Goods and Services Tills from any network.

The objective of the interoperability of Kenya’s mobile money service platforms is to allow Kenyans to make direct mobile money payments to any M-PESA merchant Pay Bill Number and Merchant Tills, from any network, thereby boosting the adoption and convenience of making cashless payments.

The next phase towards complete merchant interoperability will see Kenyans make mobile money payments from
M-PESA to the Till and Pay Bill Numbers of the other networks: Airtel Money and T-kash.

The proposition is also in line with the principles of the National Payments Strategy, 2022 – 2025, which was launched by the Central Bank of Kenya in February 2022.

The strategy seeks to achieve a secure, fast, efficient and collaborative payments system that supports financial inclusion and innovations that benefit Kenyans through trust, security, usefulness, choice and innovation.

Telkom Kenya’s CEO, Mugo Kibati said that from their interactive sessions with customers, they have taken note that Kenyans appreciate mobile money solutions better when they keep on finding more reasons to attach value to their mobile wallets, whether they are sending money, paying for goods and services, saving, borrowing or trading.

“The announcement, on Pay Bill interoperability, brings us closer to realising a cashless economy, further enhancing a seamless digital transactions ecosystem that gives the consumer more convenience and choice. Our customers will first be able to access this exciting addition via USSD *160#,” Kibati said.

Commenting on the same, Safaricom’s CEO, Peter Ndengwa said that the launch of Pay Bill interoperability extends even more convenience to customers and businesses, transforming M-PESA into a one-stop solution to send and receive money and payments from any financial service locally, and their global partners.

Airtel Kenya’s CEO, Ashish Malhotra said the move will provide Kenyans with an affordable, convenient and secure cashless payments platform that will provide more options that empower customers as they go about their day-to-day economic activity.

The telcos made this announcement at the Muguga Green Primary School, where they each made a payment of KSh 300,000 into the school’s Pay Bill number from their spokesperson’s respective mobile money wallets.

The money, KSh 900,000, will be used by the school to meet some of its operational needs for the second school term of the year.

Equity Group launched a centralised payment solution

In a related story, in January 2022, Equity Group introduced the One Equity Till Number, to enhance the centralisation of digital payment solutions for merchants in Kenya.

The solution was launched to allow merchants to receive payments from multiple payment channels or mobile wallets through a single till number. Merchants can receive payments from customers using M-Pesa, Airtel Money, PesaLink, Equitel and Equity Mobile using One Equity Till Number without having to subscribe to multiple Paybill/ Till numbers for their businesses.

The One Equity Till Number platform would make it easy and convenient for merchants, both small and large businesses, to collect all their payments directly into their bank accounts without having to do several transfers from mobile wallets to bank accounts, since there is no limit to the amount of money a merchant can receive.

Tags: Airtel KenyaFeaturedM-Pesa Pay Bill NumberMobile money in KenyaSafaricomTelkom Kenya

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Wanjiku Njugunah

Wanjiku Njuguna is a Kenyan-based business reporter with experience of more than eight years.

Related Posts

A closer look at sustainable ETFs . www.theexchange.africa
Investing

Johannesburg Stock Exchange lists ‘Socially Responsible’ ETF

August 9, 2022
Local Authorities Pension Fund (LAPF) Kenya has announced plans to coA mixed-use facility in Nakuru
Business

Kenya: State to construct $83 million mixed-use facility in Nakuru

August 8, 2022
Ope Babalola. He is the Managing Director of Webb Fontaine. www.theexchange.africa
Tech & Business

Digital trade key to unlocking Africa’s economic potential

August 8, 2022
Next Post
Flying Business class on RwandAir. Kenya has over 50 private airlines operating locally and internationally, according to the International Air Transport Association (IATA). www.theexchange.africa

List of Kenya's private airlines and their owners

The new US ambassador to Kenya Meg Whitman. www.theexchange.africa

Meg Whitman: US appoints one of the richest Americans as Kenya's ambassador

Kenya, Guinea Bissau sign agreements to deepen bilateral ties

Please login to join discussion




This months edition

Features

The leaders of the BRICS nations meet at the group’s summit in Osaka in June 2019. Concerns are India might pull out of the group over tensions with China. (Photo/ Reuters)
Countries

What does Russia’s invasion of Ukraine mean for Southern Africa?

by Albert Nangara
August 3, 2022
0

When the United Nations General Assembly voted overwhelmingly on March 2 to condemn Russia’s invasion of Ukraine, African countries accounted...

Read more
Logistics and transport startups will play a major role in enabling Africa’s largest free-trade area (Photo/ Quartz Africa)
Industry and Trade

Trends shaping the future of logistics in African markets

by Albert Nangara
August 3, 2022
0

Digitization of logistics and compliance with sustainability policies will shape the future of logistics in African markets. Digitalization involves the...

Read more
Biometric systems are expected to lead the market for airport security systems in growth over the next five years, as the market increases at an 8 per cent CAGR through 2024 (Photo/ Biometric Updates).
Tech & Business

Machine learning, Artificial Intelligence changing Africa’s Airports

by Albert Nangara
August 2, 2022
0

According to Frontiers, AI has been recognized to have a wide potential to reduce human workload or increase human capabilities...

Read more
www.theexchange.africa/
Investing

ESG global mining and the social license

by Laurence Sithole
August 2, 2022
0

In terms of achieving net zero carbon emissions, the largest mining companies in the world have several options – each...

Read more
Some of the group members learning the components of the new briquette making machine. The machine can produce 500 briquettes per day. www.theexchange.africa
Investing

Reusable, organic charcoal: Answer to Africa’s cooking fuel challenges

by Njenga Hakeenah
August 2, 2022
0

United for Green is working to ensure that Africans do not get to these extremes. By empowering women, the plan...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In