Safaricom has today announced a Lipa Na M-PESA Business smartphone app for the more than 170,000 merchants on the service. Named “M-PESA for Business“, it will empower business owners to access real-time statements, export statements, and track their business performance on the go.
Through the app, business owners can further withdraw funds from Lipa Na M-PESA to their M-PESA accounts, bank accounts or at an agent. Business owners with a business till can now also send money to other M-PESA customers such as to pay wages, pay for supplies, and make payments to other businesses all through the app.
In addition to making transactions from their Lipa Na M-PESA tills, the app will offer additional management features such as an overview of different tills for business owners with multiple outlets and till usage management.
In a statement, Safaricom CEO Peter Ndegwa said Safaricom is taking a focus on the needs of small and medium businesses to provide them with suitable technology solutions to help them grow.