Category: Mpesa
Safaricom Rolls Out New M-pesa USSD Code.
Safaricom, the giant mobile Company, has rolled out a new M-pesa USSD code that targets non-smartphone Mpesa users. The new code is *334#. The code consolidates all the services on a single easy to use Menu. This makes it easier to send money to the intended recipient by displaying the recipient’s name and only progresses…
Customers Seeking Ksh. 2000 and Below To Use M-Shwari
Anyone seeking loans of Ksh.2000.00 and below on M-shwari will no longer be able to get them. Instead, customers will now get such loans on the Safaricom’s Fuliza platform. M-Shwari, a platform owned by Safaricom and NCBA has been giving out loans as little as Sh. 100 to the maximum limit for individual customers determined…
Safaricom Losses Up to 15.3 Billion in Transaction Fees
Safaricom has so far lost up to 15.3 billion shillings since March 2020 when it allowed users to send money below Ksh. 1000.00 without transaction fees. This is after Mpesa customers begun splitting huge amounts up to Ksh. 60000.00 to below Ksh. 1000.00 to avoid transaction fees thus handing the telecommunication giant a huge loss.…
Safaricom launches Lipa Na Mpesa App for Businesses
Safaricom today has announced a Lipa na Mpesa app for businesses that will be used by over 170,000 merchants. Named “M-Pesa for Business, this app will be used by business owners to get in real-time statements, export reports, and track their business performance. Business owners will be able to withdraw funds from Lipa na Mpesa…