Do customers need a bank account to use M-Pesa? No, M-Pesa is specifically designed to benefit customers who have no access to banks - either because they do not have a bank account or because they live too far away from a bank branch.
What are the benefits of M-Pesa?
M-Pesa offers a safe, fast and low-cost way to pay, receive, transfer and store money. M-Pesa, works in real time and digitally, making it faster and cheaper than traditional informal money transfer services (e.g. sending money on a bus) and safer since every transaction is protected and signed with a PIN.
How do I use M-Pesa transactions?
- Go to an authorized M-PESA agent with your phone and original ID.
- Inform the agent how much you wish to deposit.
- They will use their agent phone to send you e-money in exchange for cash.
- You and your agent will receive an SMS from M-PESA confirming the transaction.
What is M-Pesa transaction code?
The KUCCPS Transaction Code is the code you receive when you pay via Mpesa. This is the code that you input in the required field then submit your application. Do not delete the Mpesa message that you receive upon payment to KUCCPS.
Do you need a bank account to use M-Pesa?
Users with no bank accounts can access the numerous M-Pesa outlets distributed across the country. The money that needs to be stored is given to the kiosk attendant, who transfers the amount in digital form to the user's M-Pesa's account. M-Pesa provides receipts as proof of transaction.
What is M-Pesa account number?
M-Pesa is a virtual banking system that provides transaction services through a SIM card. M-Pesa provides receipts as proof of transaction. For a transaction to take place, both parties have to exchange each other's phone numbers because the phone numbers act as account numbers.
How can I transfer money through mobile?
https://www.youtube.com/watch?v=l0Lu2kC6mLU
How do I reverse Mpesa sent to wrong?
- Immediately you realise you sent money to the wrong Safaricom MPESA No, just go to the SMS you received from Safaricom.
- Copy that Transaction Code and create a blank SMS, paste it there and send to the number 456.
- Safaricom will do their best to reverse that transaction.
Can I reverse Mpesa transaction after 24 hours?
Yes, as a sender you will be able to initiate reversal within 2 hours from when the transaction was successfully sent while as a receiver you can initiate a reversal at any time.
Can you reverse money sent to the wrong account number?
If you sent money to the wrong account number, contact the company that sent the money transfer immediately. Ask for the transfer to be stopped or reversed. The company may be able to retrieve the funds. If you have sent money internationally, in some cases, the company will be required to offer you a refund.Aug 8, 2016