Kenyans To Make Tenant Purchase Scheme Installments, Service Charge Through M-PESA
As a measure to combat the spread of the Coronavirus, National Social Security Fund (NSSF) has rolled out an MPESA channel through which Kenyans will make monthly Tenant Purchase Scheme installments.
The cashless payment solution will help in limiting movement and physical contact when making payments. The mode of payment further saves customers on the scheme from having to travel and queue in a bank to make rent payments. To make a payment, customers can dial *303*3#, key in their details and make payments from their M-PESA account.
“NSSF has adopted a strategy to go digital by placing all our services at the fingertips of our customers, ensuring that we meet them wherever they are and at their own convenience. Partnering with Safaricom has made it possible to achieve this goal by taking advantage of the unique, world class capabilities they provide through M-PESA,” said Dr. Anthony Omerikwa, CEO, National Social Security Fund.
The partnership will primarily target NSSF Tenant Purchase Scheme members in Nairobi’s Nyayo estate Embakasi, Hazina, Kitusuru, Mountain View and Eldoret’s Kapsoya estate.
Besides payments, the new service also provides the Scheme members with the capability to reconcile and generate reports of their payments and standing.
The NSSF Tenant Purchase Scheme provides a path to home ownership by enabling buyers purchase a home over a period by making monthly installment payments to offset the cost. Besides installment payments, the Tenant Purchase Scheme equally serves NSSF Tenants and provides an avenue to make service charge payments too.
Today’s announcement is the latest in a raft of measures rolled out by the two organizations to provide NSSF customers with increased convenience and speed when accessing services.
Starting March 2019, NSSF began the rollout of an entirely cashless system across its entire branch, providing for member benefit contribution through the Paybill 333300 or by dialing *303*1#.
In February 2020, NSSF extended its Haba Haba innovation to digital taxi operators, providing a one-stop-shop where digital taxi operators can make their member contributions, make NHIF contributions, get insurance and receive a daily, discounted data bundle. The solution is also available on *303*2#.