Kenya-based telco, Safaricom, has introduced a Lipa Na M-PESA business smartphone app for more than 170,000 agents on the service.
Also known as M-PESA for Business, the app allows business owners to benefit from real-time statements, export statements and track their business performance on the go.
Through the app, entrepreneurs can withdraw funds from Lipa Na M-PESA to their M-PESA accounts, bank accounts or at an agent. Furthermore, business owners with a business till can now send money to other M-PESA customers comprising of paying wages, paying for supplies and make payments to other businesses all through the app.
The CEO, Safaricom, Peter Ndegwa, stated, “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. In addition to making transactions from their Lipa Na M-PESA tills, the app offers additional management features such as an overview of different tills for business owners with multiple outlets and till usage management. The app is also packed with rich, detailed reports including money-in and money-out charts, store overview and frequently used Lipa Na M-PESA Tills and PayBills.’’
According to Safaricom, the app is intended to take advantage of unique smartphone capabilities to offer businesses with powerful, additional features and a digital, modern way to enjoy the service.