Mpesa

Mpesa Mobile Money Banking

M-pesa The Best Mobile Money in Kenya

Mpesa is a safaricom mobile banking product that has been so
successful than any other mobile money infrastructure in the history of Kenya.
Mpesa was first introduced as a means of sending money through mobile phone
between two people with access to a mobile phone.

Growing rapidly in the market share of more than 20,000,000
million subscribers, Mpesa has become more than just sending and receiving
money.

 Today registered Mpesa users use their mobile gadgets in
ways never imagined before from sending and receiving money to saving and
accessing loans by means known as Mshwari to enabling subscribers to hold Visa cards
known as visa prepay debit cards with as little as KES250 as deposit. Visa cards
are essential in online purchasing.

Other Mpesa by-products are IMT also known as International
Money Transfer. International Money Transfer is a means to send money from
oversees to someone in Kenya using Mpesa.

The International Money Transfer is a partnership of
Safaricom Kenya and Western Union. Mshwari is a partnership of CBA and
Safaricom Kenya. Both the services runs on Mpesa concept.

Mpesa like any other mobile money transfer in Kenya requires
that the user has at least a mobile phone number and a valid National ID or
passport.

By the end of December 2012, the Communication Commission of
Kenya required that all mobile phone subscribers be registered. Safaricom on
the other hand required that all its subscribers register for Mpesa in order to
comply with the CCK directive.

Mpesa as it stands today has become the most used mobile
banking in Kenya excelling even the most experienced banking institutions in
Kenya.

Using Mpesa also earns Bonga points that once accumulated
can be redeemed

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