M-pesa bulk payment
This is a product where a client would like to transfer high number of transactions of low value .The debit is made in the clients account and a credit is done to Mpesa multiple payees, Service is ideal for paying casual laborers, per diem payments ,employees on the move e.g. drivers, wages.
Duly signed letter per mandate requesting for the service Unique Selling Points
Payments can be made to unbanked individuals
Risks are mitigated as dealing with cash is eliminated
Payees can access fund from anywhere through Mpesa agents
PAYBILL OPTION (MPESA TO BANK) PAYBILL NUMBER: 985050
This is a collection service; the client transfers funds from his Mpesa to an account in Gulf Schools, institutions, business people can advise their client to deposit into their a/c at GAB through the Pay bill number (985050).
A GAB account Unique Selling Points
Clients save time by depositing into the accounts without visiting the branches
Banking can be done anytime even outside banking hours
Security of the clients is enhanced as they deal less with cash