Safaricom is currently facing a major competition after equity bank launched its new all in one payment solution dubbed One Equity. This service will give Safaricom’s Lipa na M-pesa a tough competition as it is set to solve all troubles that both the business people and customers might face while doing their transactions through mobile money.[Photo Courtesy]<\/p>\n
Earlier before the introduction of this One Equity service, business people who usually use Till Number were expected to have atleast business till number for all the mobile money operators in the country. This means that business people were supposed to have a till number for Safaricom, Airtel and other mobile operators. [Photo Courtesy]<\/p>\n
However, business people will now require only one number to do all these transactions. For instance, a person will only need one number to make a transaction through M-Pesa, Airtel Money, PesaLink, Equitel and the Eazzy banking app. This move will eliminate the need for business owners to acquire multiple till numbers from communication companies and financial service providers like equity bank.<\/p>\n
The mobile payment space for business in Kenya has been dominated by Safaricom’s Lipa na M-pesa, a solution with over 302,000 active till numbers as of July 2021. The service has enabled customers t pay for their service efficiently since it was launched but for now, it will start facing stiff competition from One Equity which will be owned by Equity Bank.<\/p>\n
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