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Equitel unveils paybill number for M-Pesa top-ups

by: Category: Banking & Finance, East Africa, Featured, In Focus, Technology A+ / A-

Equitel users can now buy airtime and data bundles with the introduction of a new 412222 Paybill number on Safaricom’s M-Pesa mobile money transfer service.

Subscribers can now convert idle cash balances on their M-Pesa accounts into airtime for their Equitel lines without incurring transaction charges for airtime purchases below Ksh100.

Equitel transaction income increased to Ksh308.8 million in the first quarter of 2017 from Ksh176.9 million that was recorded in a similar period a year earlier, translating to a 75 per cent increase over the period.

Revenues from the Equitel mobile money platform, EazzyPay service and a suite of other digital banking products contributed in increasing non-funded income to Ksh6.3 billion from Ksh5.1 billion, a 21 per cent increase over the period.

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Business Journalist since 2009, has worked for Financial Post, Standard Media Group, Business Journal and People Daily.

Chief Editor at The African Business Fortune Magazine.

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