Business & FinanceKenya

Safaricom to partner with matatus through M-Pesa

Safaricom and the matatu sector have initiated a partnership that will see facilitation of cashless payments.

This partnership is driven by the concern over the coronavirus pandemic, which puts passengers at risk of infections through cash handling.

Safaricom Chief Financial Services Officer Sitoyo Lopokoiyit said the service is already in progress.

“Our partnership with the different public transit players brings the convenience and safety of M-PESA to this crucial sector given the widespread uptake of public transport across the country.”

“The service has already been deployed to more than 300 City Star Shuttle vehicles in Nairobi. It will be rolled out to additional players in the coming days, helping them further comply with the Government’s recommendations to combat the spread of Coronavirus,” he said

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According to The Star, transactions will be made through the send money option, with the number provided by the attendant.

In addition to this initiative, Safaricom earlier waived fees for sending money for Sh.1000 or less. This is in a bid to also reduce cash transactions.

Read more:

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