Making M-PESA’s Application Programming Interface (API) available follows the commissioning of the new M-PESA technological platform in April this year.
“One of the advantages of the new M-PESA platform is the fact that it is easier to integrate with other financial platforms to offer more or improved services to our customers,” said Betty Mwangi, Director of Financial Services at Safaricom.
The opening up of the M-PESA platform aims to address shortcomings cited by locals with the previous M-PESA platform, which was hosted in Germany.
This included a relatively slow and complicated process of integration, given the need for approvals in Kenya and from the team manning the servers.
The developers are expected to come up with innovative solutions for Business to Consumer, Consumer to Business, and Business to Business channels, that can run off the new M-PESA platform.
“As we have always said, innovation is at the heart of everything we do. We do however accept that innovation cannot come from us alone- it takes partnerships to come up with some of the best possible solutions that will help transform lives,” Mwangi said.
The opening up of M-PESA API’s complements other recent initiatives aimed at boosting M-PESA transactions and entrenching a Cash Lite economy through Lipa Na M-PESA which is an e-commerce platform.