The mobile banking service offered by M-Pesa allows users to save and transfer money using their phones. With the launch of M-Pesa, Kenyans now have an additional way to get financial services. Safaricom, the largest cellular carrier in Kenya, launched M-Pesa in 2007.
The money that Safaricom Mpesa agents receive from deposits in all transaction bands will increase as a result of this adjustment. Thanks to the increased rates, agents can now earn from deposits ranging from 50 to 100 shillings for as little as 4 shillings. Between $50,000 and $70,000 will be given to the highest commission, sh 190.
Commissions are higher in the premium deposit bands. Mpesa agents that work in busy locations and process a lot of deposits and withdrawals are therefore typically more successful.
Compared to the Lipa Na M-PESA Buy Goods till, the M-PESA Business till allows business owners to take payments directly from the till and utilise the funds received for additional operations.
The M-PESA Business Till is perfect for retail businesses that regularly receive money from customers, such as supermarkets, restaurants, hardware stores, pharmacies, boutiques, hairdressers, delivery services, and online retailers.
Benefits of Using This Service
With this tool, business owners may distinguish between personal and business M-PESA payments since it provides a single point of contact for payments made directly from the till.