Revolutionizing digital payments in Tanzania - Lipa kwa Simu

 


Revolutionizing digital payments in Tanzania

Pay by Phone is Vodacom’s Merchant payments solution launched in November 2016, to digitize payments in the Tanzania retail Ecosystem and enable merchants and retailers collect payments seamlessly while helping customers to avoid the risks and burdens of carrying cash.

In March 2017 Vodacom enhanced the service by launching a new M-Pesa App which amongst other benefits, supports QR-code payments which simplifies the payment experience further by eliminating the need to type in till numbers at retail touch points.

QR codes is new in mobile money platforms in Tanzania, geared to enable simplicity and sophistication of M-Pesa transactions.

Pay by phone has enabled customers of all networks and banks to achieve payments easier, security compared to cash that is costly and risky which is why we say M-Pesa home of digital payments since customers from all networks and banks have been enabled to pay merchants from their Lipa number.

Paying with your phone allows you to get the following benefits

  • All networks and bank accounts connected to M-Pesa payments to reduce the hassle of having multiple till numbers

  • Safe, not bulky and risk-free. (Avoids risk of robbery, theft, fake notes, contaminations with germs)

  • Faster and convenient for distance payments (higher velocity compared to cash)

  • Simple and efficient. No hassle for change, simplicity of QR codes, keeps all transaction records.

  • Pay by Phone solution will enable you to pay conveniently to a diverse group of merchants across all sectors like pubs and bars, hotels, restaurants and cafes, supermarkets, fuel stations, cinema outlets, pharmacies, hardware stores

A NOTE FOR MERCHANTS: Your merchant till (Lipa number) is only for collecting payments from goods or services offered by your business (Lipa transactions), It is a crime to use your Lipa number to perform any other transaction types that are not directly linked with receipt of payments from goods or services offered by your business.

If your merchant till will be found to perform a different type of transaction that are not merchant payments related, Vodacom will put charges in the merchant till to reflect the nature of the transactions.

Post a Comment

0 Comments