New KCC launches mobile payments solution

November 10, 2015
Shares

,

The New KCC Lipa na M-PESA mobile sales solution hopes to reduce the possibility of human errors when posting payments in the system, save on time spent in banking halls and risks associated with huge cash handling/FILE
The New KCC Lipa na M-PESA mobile sales solution hopes to reduce the possibility of human errors when posting payments in the system, save on time spent in banking halls and risks associated with huge cash handling/FILE
NAIROBI, Kenya, Nov 10 – Over 200 sales and distribution agents for New KCC will now be able to place and process orders, access real time reports on deliveries, create invoices and make payments, through a mobile application.

This follows the launch of a Sh55.7 million cashless solution in a partnership with Safaricom.

“The adoption of this app integrates Lipa na M-PESA with our other distribution functions, and will be very instrumental in boosting our revenues and improving our efficiencies” said Nixon Sigey, Managing Director, New KCC.

The app will also be able generate regular reports to ensure accountability and proper record keeping.

The New KCC Lipa na M-PESA mobile sales solution hopes to reduce the possibility of human errors when posting payments in the system, save on time spent in banking halls and risks associated with huge cash handling.

“During the one month trial period, the Lipa Na M-PESA service accounted for 43percent of total daily cash collections and we expect the number to grow to our target cash collection of Sh4 billion per year. This will effectively translate to accountability and more effective management of our finances,” Sigey said.

Previously, New KCC used Cash in Transit (CIT) services over the weekends and holidays when banks were closed as the agents and salesmen had to take cash to KCC offices for clearance; a tedious and time consuming process.

“Our partnership leverages the power of technology to address major pain points for New KCC. It illustrates the expanding ability of Safaricom to apply our intimate market knowledge to solve some of the Kenyan business’ most pressing challenges,” Safaricom Bob Collymore said.

The New KCC Lipa Na M-PESA platform comes six years after the company introduced SAP 1, an enterprise resource planning tool which successfully automated its business operations.

The two will systems will work together.

The partnership is the latest among a number of deals that Safaricom has signed targeting the Agriculture sector, including a partnership with the Ministry of Agriculture for distribution of fertilizer and Kenya Tea Development Agency (KTDA).

Shares

Latest Articles

Stock Market

Most Viewed