Digital money transfer firm SimbaPay has launche M-Pesa PayBill payments to all its customers sending money to Kenya. M-Pesa PayBill will allow the subscribers to pay hunderds of vendors via M-Pesa through SimbaPay allowing Kenyans abroad to pay hundreds of vendors and utility companies in Kenya directly via M-Pesa PayBill.
In a statement, Nyasinga Onyancha, CEO for SimbaPay said, “Our customers want to pay vendors in Kenya faster and without having to go through friends and family”. “This new product allows them to do just that, especially for time sensitive payments such as those to hospitals, stock brokers and the like”.
The deal has seen the majority of M-Pesa PayBill numbers and vendors pre-loaded on to the SimbaPay platform to eliminate the need for customers having to remember a vendor’s PayBill number. SimbaPay customers will not require a Safaricom phone number or M-Pesa registration to pay vendors via PayBill as is currently the case for M-Pesa subscribers living in Kenya. SimbaPay charges zero fees for its instant money transfers to M-Pesa PayBill numbers.
Kenyans living in the UK with a bank account, debit card or credit card will be able to use the SimbaPay app to make M-Pesa PayBill payments from any mobile phone, tablet or computer. Transfers made using SimbaPay to M-Pesa PayBill numbers are credited instantly. The service has already been rolled out to Kenyans living in the UK with other EU countries slated in the near future.
Launched recently in Nigeria and Kenya,SimbaPay aims to disrupt the cross-border remittance industry with its focus on speed and convenience.