What is M-Pesa?

M-Pesa is Safaricom’s mobile money service that lets users send, receive, save and pay using their phone number. It is the dominant payment rail in Kenya.

A real Kenyan example

A customer at a restaurant pays via Lipa na M-Pesa to the till number. The bill is settled within seconds and the receipt prints with the eTIMS code.

Why it matters

A POS that does not integrate M-Pesa loses 30-60% of customers depending on industry.

How Veira helps

Veira integrates Till, Paybill and Pochi la Biashara, and auto-reconciles every payment.

FAQs

Customer cost for Lipa na M-Pesa?
Zero. The business pays C2B fees.
What is Pochi la Biashara?
A merchant wallet without C2B fees.
Reconciliation?
Veira auto-matches every M-Pesa payment to a sale.
Refunds?
Via Daraja API or manual M-Pesa transfer.
Bank settlement?
Daily or per-payment, depending on agreement.

Related terms

See all 34 terms