Kenya’s iPay Ltd. has launched eLipa app to allow consumers to have greater control over their money by allowing users to consolidate money from their bank accounts and other mobile payments systems in one place. The app allows consumers to pay for products and services at restaurants, clothing stores, online stores, bars, hospitals, and schools.
Consumers can also launch a mobile business from the eLipa Agent app that allows them to purchase and sell pre-paid power tokens, air-time, and to receive payments for their businesses. This new development is expected to revolutionize the mobile payments industry.
iPay Ltd Co-founder and Managing Director Mr. Philip Nyamwaya said, “We offer a payment bouquet that is painless for our users. We want to offer solutions that add value to our customers by offering an opportunity to integrate payments. eLipa is basically an aggregated payments solution. There is a bill everyone has to pay for every month. We have collapsed all these into a single platform that allows you to save all your account numbers making it simple and convenient. Once you top up your wallet, all your transactions are free.“
Speaking at the launch, the Principal Secretary Ministry of Information Communications and Technology, Broadcasting and
The mobile money industry in Kenya plays a crucial role in the economy. Data from the Central Bank of Kenya that shows that users have grown from 10 million mobile money subscribers transacting KES 597 billion a year in 2010 to more than 26.5 million customers transacting KES. 2.5 trillion in 2015.
The eLipa App seeks to tap into the traditionally unbanked sections of consumers who can now access payment services for utilities absolutely free. Through the app, users will be able to access the payments ecosystem, perform transactions, and view the history of their account.
Co-founder and Director Steve Nyumba added that the eLipa Agent creates an environment where various businesses can offer more products.
iPay Ltd. has a footprint in Kenya, Uganda, Tanzania, Rwanda, Nigeria, and Togo. iPay aims to expand to more markets in Africa this year.