(Last Updated On: July 24, 2015)
Business people who love using M-Pesa can now transfer millions of shillings through the platform and the money is received instantly. This is thanks to integration of Mpesa with Standard Chartered payments system.
The new agreement allows merchants to move up to a maximum of Ksh50 million per transaction which can then be withdrawn by the recipient immediately. This is a major upgrade from the current maximum of Ksh5 million.
Customers will push the e-value from the merchant PayBill/Till to Standard Chartered PayBill 329329. The bank will automatically credit the client’s account.