What is payment processing?
This product targets business institutions for making bulk payments and collections via M-pesa Platform. Transactions are wired to beneficiaries of Safaricom & any other Telco Mobile Phone No. that is registered.
Payment Processing Features
- Immediate credit to beneficiary mobile phone number.
- Reduced cost of processing payments.
- Convenience as compared to other methods such as bank cheques.
- Secure mode of payment since all beneficiaries are verified before authorisation.
- A business entity or organisation that makes frequent payments to more than 10 people.
- Beneficiaries need not be Okoa Finance members.