NAIROBI, Kenya, Jan 18 -Equity has introduced a centralized digital payment solution that will allow merchants to receive payments from customers using Mpesa, Airtel Money, PesaLink, Equitel, and Equity Mobile using One Equity Till Number.
The solution, a first in the Kenyan market, will enable traders to receive money without having to subscribe for multiple Paybill/ Till numbers for their businesses.
In a statement, Equity said the platform will make it easy and convenient for merchants, both small and large businesses, to collect all their payments directly into their bank account without having to do several transfers from mobile wallets to bank account.
Moreover, the merchant can access the money instantly at no charge with the solution having no limit to the amount of money a merchant can receive.
“The centralized collection account will, in turn, improve their credit score thus enabling merchants to access higher credit facilities from the bank to enable them to expand their businesses,” the firm said.
The service will also include QR code payments for customers wishing to scan-to-pay from their payment channels including Equity Mobile App, M-VISA, Masterpass QR and UnionPay.
“Businesses will now be able to get the most out of their activities by devoting their time to their clients as the Equity solution simplifies their operational needs from a payment standpoint. One Equity Till Number is simple and interoperable making it very inclusive and in tune with the needs of many businesses,” it added.
