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Home Telcos

Safaricom’s Lipa Na M-PESA Upgraded for Increased Privacy & Faster Transactions

Milcah Lukhanyu by Milcah Lukhanyu
2 years ago
in Telcos
4 min read
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 Safaricom’s merchant payments service Lipa Na M-PESA has been upgraded for faster and more private cashless payments to benefit more than 21 million monthly active M-PESA customers with faster transactions and increased privacy by eliminating the need to show transaction confirmation messages.

The upgrade targets 2,500 merchants with more than one Lipa Na M-PESA payment point by issuing each cashier with distinct till number.  This is a change from the previous situation where each shop had a single till. As part of the process, Safaricom and the merchants also re-integrated the till numbers under the new Daraja M-PESA Application Programming Interfaces, which allow for deeper integration.

“Millions of customers and thousands of merchants increasingly prefer Lipa Na M-PESA when it comes to payments. Our enhanced integration of Lipa Na M-PESA for the more than 2,500 merchants will increase the speed and accuracy at which they process cashless payments while also benefiting our customers with increased privacy and accuracy when paying,” said Sitoyo Lopokoiyit, Chief Financial Services Officer, Safaricom.

This now means that when a cashier selects M-PESA as a mode of payment, the merchant system will reconcile the amount to the latest Lipa Na M-PESA payment received, eliminating the need for the customer to give their mobile phone number or show a payment confirmation message.

READ  KCB Sues Suntra Investment Bank For Safaricom’s Shares.

In the last 18 months, Safaricom has made a number of moves as it seeks to grow the number of payments further. In March 2017, Safaricom slashed Lipa Na M-PESA merchant fees to a maximum of 0.5 per cent of the transaction value and rolled out payments on the Safaricom App with a goal of increasing the accuracy of transactions and shortening the payment process.

Safaricom has also introduced Tap-To-Pay and Scan-To-Pay technology for payments which both shorten the process of making a payment and provide different use cases where M-PESA can be used for payments, such as in parking. The number of active Lipa Na M-PESA merchants also increased to more than 109,000.

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Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

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