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Lipa Na M-PESA PayBill (Safaricom Kenya)

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Lipa Na M-PESA PayBill. PayBill is a cash collection service that allows your organisation to collect money on a regular basis from your customers through M-PESA.

Uses of the PayBill Service

  • Utility bills – water, power, Pay TV.
  • Rent payments – Lipa Kodi
  • School fees payments – Lipa Karo
  • Bank/SACCO account deposits
  • Statutory payments – NHIF, NSSF, KRA
  • Top up of pre-pay cards – fuel cards, debit cards e.g. Nakumatt Global.

Features of PayBill Service

  • Has head office and unlimited number of child PayBill  accounts
  • Each child PayBill account has a different name and short code
  • A business terminal can be attached to each sub account and receive notifications of Payments
  • There is allowance for Account number for each child account
  • Web access and settlement of funds to Bank can only be done at Head office

Use Cases of PayBill Service

  • Banks aggregate payments for merchants that Bank with them
  • Cashless Distribution where distributors require account number details e.g. invoice numbers
  • County Revenue Collection – set up different PayBill accounts for the different revenue collection points, but centralize banking

Lipa Na M-PESA PayBill Benefits

Secure

  • Safe and convention method to receive payments

Convenient

  • No stress no hustle. No need to search for change

Real time settlement

  • No delays or waiting for credited funds to reflect

Low cost

  • Minimal transaction costs and fees

Easy reconciliation

  • Easy to keep track and balance your books

For more information Lipa Na M-PESA PayBill visit official website https://www.safaricom.co.ke/business/corporate/m-pesa-payment-services/lipa-na-m-pesa-paybill

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