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 How M-Pesa works​​​​

How M-Pesa works

The M-Pesa solution for the VBS business customer uses its product features to provide two main products to businesses - payments and cash collections. The typical sales cycle of a business would include the raw material being fashioned into the finished product that is sold t​o the customer. This is followed by cash collection from the customer and payment to the vendors or employees. Throughout this cycle, M-Pesa removes hassles and makes transactions extremely convenient. So be it cash collections or payments, businesses can be assured of secure and instant transactions.

It’s Banking Simplified!

  • Sender types in phone number of recipient, the amount to be sent, and a 4-digit PIN
  • The account is checked for sufficient funds
  • If the funds are sufficient, the transaction is performed
  • Sender is notified of transaction being successful and new balance
  • Money is sent to recipient who is also notified
  • Recipient types in outlet number, amount to be withdrawn, and PIN
  • Recipient receives cash with an notification of their new balance

So, let’s make you a Ready Business.

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