VODACOM TANZANIA WHY BUSINESS SHOULD USE
M-PESA PAY BY PHONE?
THE POWER OF M-PESA
• Vodacom M-Pesa Customers: 7.4 Million • Balance in customers wallets: TZS 440 billion • Monthly Transactions: TZS 2.6 Trillion Lipa Kwa Simu is an opportunity for businesses to share customers wallet & M-Pesa ecosystem. EXCELLENT FEATURES AND BENEFIT OF PAY BY PHONE
1) Pay by Phone is fully interoperable. (you can receive payments from all Mno’s and Banks) 2) Real time Settlement to Bank (Merchant can send money Instantly to Bank) 3) Auto roll up from multiple stores to main till for medium & Cashless merchants 4) Auto sweep to the bank account (funds transfer themselves to the bank) 5) Free bank transfer (if merchant banks with NMB, NBC & CRDB only) 6) QR code for errorless scan-and-pay 7) High security Solution, no risk of fake notes or cash robbery/theft, no hassles for change 8) Better record-keeping as all transactions are digitally logged and accessible via web application.
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Dar Life I FEBRUARY 2021
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Digital records can facilitate loan facilities from banks/MFIs Lipa Kwa Simu transactions cannot be reversed by payer, unlike P2P’s transactions Merchant can collect fund and pay to other merchants or perform bill pay transactions Merchant can cash-out at M-Pesa Agent Web portal is available for reporting and visibility - - E > Ì wV>Ì Ã Ì Õ Ì « i people is available
KYC REQUIREMENTS - WHAT YOU NEED TO BECOME M-PESA MERCHANTS
Any business person/merchant is entitled to get Lipa Kwa M-Pesa solution but must have below list of valid KYC documents; £° / iÀÌ wV>Ìi 2. Business License 3. Entrepreneur TRA ID 4. National ID 5. *MOU or Extract from Registrar's and or Introduction letter from respective authority 6. Settlement Number and or Bank Account For more information on M-Pesa pay by phone, Contact Vodacom at 0754-711791 or email to chuls001@vodacom.co.tz
