Safaricom has launched automatic M-PESA bill manager for businesses
Safaricom announced the launch of the M-PESA Bill Management service for businesses such as schools, landlords, utilities, and other institutions with repeat payments. The bill manager will be a platform where they can present and receive pending payments from their customers, and issue electronic receipts. For M-PESA customers, the service offers a single point where they can view all their bills, receive reminders and automate the payment.
Safaricom says the Bill Manager will help schools customize the different types of fees such as tuition, lunch, transport, school trips among others, and also to send fee reminders to parents and guardians about their due payments. Landlords and property agents on the other hand will be able to send rent payment reminders and reconcile any received payments from their tenants. For utility providers such as water and internet providers, the service will enable them to automatically bill their customers and would give their customers an easy view of their pending bills.
“M-PESA Bill Manager empowers thousands of Kenyan businesses, especially schools and landlords, to digitize their businesses beyond just collecting payments at no additional cost. The service will equally empower millions of M-PESA PayBill customers with better record-keeping by providing digital receipts for each payment. Our ambition is to empower both businesses and our customers easily manage and keep track of payments”, said Peter Ndegwa, CEO, Safaricom
All payments received through M-PESA are instantly reconciled on the platform, and also provides an option to manually add payments. Customers using the service will instantly receive an SMS reminder when a new bill is generated or when the bill is due.
The platform will be offered free to all businesses with a Lipa Na M-PESA Pay Bill who can log in at https://billmanager.m-pesaforbusiness.co.ke/. SMS bill requests and invoices will be automatically generated and sent by the system at no cost to the business.
All M-PESA customers can manage their bills through the Bill Manager option under Lipa Na M-PESA on *334#, and on the upcoming M-PESA App. Besides automatically receiving invoices and receipts, customers can equally query pending bills at any time.
Safaricom noted that with regards to bill tracking and reconciliation, the service saves a business’ customers from having to queue to physically make payments and having to present paper working detailing the payment made.
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