M-Pesa Bill Management service targets repeat payments from schools, tenants, utilities and other organizations. It provides a forum where they can present and collect pending customer payments and issue electronic receipts.
It’s a point for M-PESA clients where to view all their bills, receive updates and automate the payment of bills.
The Bill Manager platform would allow management to configure the different types of school fees. This includes: tuition, lunch, transport, school trips, among others. The platform would allow them to send fee reminders to parents and guardians.
Landlords and Property Agents
Landlords and property agents will give reminders of rent payments and reconcile any payments earned.
Service providers such as water and internet providers will also be able to bill their customers. his management service will make it easier for them to monitor and track pending bills.
“The M-Pesa Bill Manager empowers thousands of Kenyan businesses. This is for schools and landlords, to digitize their businesses at no additional cost, beyond just collecting payments.
By offering digital receipts for each invoice, the service empowers millions of M-Pesa PayBill clients with better record keeping. Our mission is to enable businesses and our clients to handle and keep track of payments easily.” Peter Ndegwa, Chief Executive Officer of Safaricom.
Through this platform, all payments through M-Pesa are reconciled instantly and provides an option to add payments manually.
Another element is, when a new bill is created or a bill is due, customers using the service will receive an SMS notification instantly.
All businesses with a Lipa Na M-Pesa Pay Bill will be provided the platform free of charge. SMS bill requests and invoices will be automatically generated and sent to the business at no cost by the system.
The service provides automated bill monitoring and reconciliation. This prevents a business’ customers from having to physically make payments and having to present paper work detailing the payments.
Sourced from Capital FM, Capital Business