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Safaricom’s Lipa Karo na M-Pesa signs 4,500 schools
Safaricom has registered 4,500 schools on its Lipa Karo na M-Pesa service since launch of the product in 2010.
The services allows parents to pay fees on the M-Pesa service, while schools have an aggregated Paybill number that allows them to consolidate their receipts into one central account.
“Several schools are still identifying the best means to implement a smooth and seamless payment process for parents and have been keen to adopt more technology-based systems to enhance accountability and efficiency,” said Safaricom corporate affairs director Stephen Chege.
The use of mobile payment services like Lipa Karo na M-Pesa could also help improve accountability for schools without computerised systems that can store transaction records.
Safaricom says payments handled on the service grew by 74 per cent in the last financial year, but did not disclose the value of transactions recorded.
“As with any new payment channel, we noted that many parents and schools took some time to adapt to the new system,” said Mr Chege.
SOURCE:BUSINESSDAILY AFRICA
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