SimbaPay, a digital money transfer provider, has launched a new M-Pesa service which has been dubbed “M-Pesa Paybill.” According to the company, the new payment platform will allow citizens of Kenya to make bill payments whilst abroad.
M-Pesa PayBill is a M-Pesa service that has previously only been available to Safaricom M-Pesa subscribers in Kenya, and allows the subscribers to pay hundreds of vendors via M-Pesa – this is according to SimbaPay.
Nyasinga Onyancha, CEO for SimbaPay noted that: “Our customers want to pay vendors in Kenya faster and without having to go through friends and family. This new product allows them to do just that, especially for time sensitive payments such as those to hospitals, stock brokers and the like.”
The company revealed that SimbaPay customers will not require a Safaricom phone number or M-Pesa registration to pay vendors via PayBill as is currently the case for M-Pesa subscribers living in Kenya. SimbaPay charges zero fees for its instant money transfers to M-Pesa PayBill numbers.
Kenyans living in the UK with a bank account, debit card or credit card will be able to use the SimbaPay app to make M-Pesa PayBill payments from any mobile phone, tablet or computer.
According to the company, transfers made using SimbaPay to M-Pesa PayBill numbers are credited instantly. The service has already been rolled out to Kenyans living in the UK with other EU countries slated in the near future.