M-PESA rolls out business tools for MSMEs and SMEs in Kenya

Ola Olaoluwa
Ola Olaoluwa

To support SME’s and Micro SME’s in Kenya, M-PESA has recently rolled out products and services geared towards empowering them as well as helping them grow.

Sitoyo Lopokoiyit, Interim CEO, M-PESA Africa

Key products rolled out recently include:

- M-PESA business APP- now with over 100k businesses of the over 200k active merchants.

- Business Transacting Till- enabling businesses to use funds collected to make payments such as bill payments, salaries etc.

- Self on boarding for merchants with SLA of 24 hours

- Capacity development initiatives to educate and empower business owners.

- Dedicated USSD for merchants as well as dedicated support.

- Micro SME wallet on their individual Wallets: To help them separate normal P2P transactions from business P2P transactions.

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Ola Olaoluwa

Writer | Economist