BENEFITS OF Lipa Na M-PESA PayBill

2 min


91
1 share, 91 points

Lipa Na M-PESA PayBill

PayBill is a cash collection service that allows your organisation to collect money on a regular basis from your customers through M-PESA.

Key Benefits of PayBill Service

  • Secure
  • Convenient
  • Real time settlement
  • Low cost
  • Easy reconciliation

Uses of the PayBill Service

  • Utility bills – water, power, Pay TV.
  • Rent payments – Lipa Kodi
  • School fees payments – Lipa Karo
  • Bank/SACCO account deposits
  • Statutory payments – NHIF, NSSF, KRA
  • Top up of pre-pay cards – fuel cards, debit cards e.g. Nakumatt Global.

Features of PayBill Service

  • Has head office and unlimited number of child PayBill  accounts
  • Each child PayBill account has a different name and short code
  • A business terminal can be attached to each sub account and receive notifications of Payments
  • There is allowance for Account number for each child account
  • Web access and settlement of funds to Bank can only be done at Head office

Use Cases of PayBill Service

  • Banks aggregate payments for merchants that Bank with them
  • Cashless Distribution where distributors require account number details e.g. invoice numbers
  • County Revenue Collection – set up different PayBill accounts for the different revenue collection points, but centralize banking

Lipa Na M-PESA PayBill Benefits

Secure

Safe and convention method to receive payments

Convenient

No stress no hustle. No need to search for change

Real time settlement

No delays or waiting for credited funds to reflect

Low cost

Minimal transaction costs and fees

Easy reconciliation

Easy to keep track and balance your books


Like it? Share with your friends!

91
1 share, 91 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Sande Kennedy

Sande Kennedy is the founder of SandeKennedy.com & Kenyans247.com He is a Kenyan-based Internetprenuer,blogger Political Activist,informer who has an interest in politics, governance, corporate-fraud and human-interest. Kindly drop me a note if you feel aggrieved on any matter that you would want to be highlighted. Twitter @itssandekennedy , Instagram @itssandekennedy WhatsApp: +254791890826 Read More about me here
Would you like to get published on this Popular Blog? You can now email Sande Kennedy any breaking news, Exposes, story ideas, human interest articles or interesting videos on: info@sandekennedy.com. Videos and pictures can be sent to +254 791890826 here on WhatsApp by clicking this send button
Powered by
Choose A Format
Story
Formatted Text with Embeds and Visuals
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Image
Photo or GIF
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Gif
GIF format

Send this to a friend