Mpesa definition
Examples of Mpesa in a sentence
The Bank shall not be liable for any disclosure of your Mobile Money PIN and/or Mpesa PIN to any third party and/or transactions effected by them and you hereby agree to indemnify and hold the Bank harmless from any losses resulting from any Mobile Money PIN and/or Mpesa PIN disclosure.
You shall ensure that your Mobile Money PIN and/or Mpesa PIN does not become known or come into possession of any unauthorized person.
Cooperative bank chose Safaricom to enter into a strategic alliance based on several particular characteristics that Safaricom had which were mainly based on its success with M-pesa mobile money transfer.
Copies of statements are available to Investor on request from the MALI Mpesa Menu or the Safaricom App.
The Lender may at its sole discretion extend Lipa Later loan facilities to Borrowers whose applications were rejected in the first instance for not meeting the Lender’s minimum criteria including but not limited to poor CRB records, Mpesa score or any other standard requirement.
Due to this, M-pesa would have to be shut down in order for system upgrades to occur.
You shall ensure that your Mobile Banking PIN and/or Mpesa PIN does not become known or come into possession of any unauthorized person.
The pay bill number and account number will be used to complete the transaction via Mpesa.
To achieve its goal of convergence especially with digital payments, mobile money services and offline payments, Kenya Commercial Bank is working on integrating its API with services such as M-pesa, merchant services which will seamlessly allow a user to move their money between their accounts, make direct payments and ultimately grow it into an ecosystem (▇▇▇▇▇ & ▇▇▇▇▇▇, 2013).
For instance, M-Karo is a licensing agreement with Safaricom Kenya Limited’s Mpesa to enable clients to pay school fees directly into schools’ bank accounts using the mobile money transfer platform.