Businesses Can Now Accept Payments Via Telkom’s T-Kash

1
Telkom Kenya Plaza

Telkom Kenya PlazaBusinesses can now accept payments from Telkom Kenya’s mobile finance product, T-Kash. The development will augment Lipa Na M-PESA services that were launched by Safaricom in collaboration with Kopo Kopo, a local payments firm.

Kopo Kopo’s payments platform has been adopted by thousands of small and medium-sized businesses in Kenya. Its collaboration with Safaricom continues to be successful in pushing businesses to accept digital payments, and in its near 5 years of operations, the Lipa Na M-PESA/Buy Goods service has grown to an essential business tool.

T-Kash was launched a couple of months ago to take the place of Orange Money after the telco rebranded its entire business. The financial product lauds itself for taking a different approach in offerings its services via T-Kash codes, unlike conventional approaches that use pay bill, till and agent numbers for basic payments and cash deposit/withdrawal functions.



As of October 2018, T-Kash had transacted KES 50 million in cash deposits. It still has the potential to grow as the carrier’s customer base grows. What’s more, T-Kash launched at a time when the market was undergoing rapid transformations that allowed mobile money interoperability across mobile money wallets. To this end, T-Kash and M-PESA signed an integration agreement that lowered transaction fees significantly.

Additional details regarding the onboarding process for businesses and extra T-Kash incentives can be accessed on Kopo Kopo’s website. Also, the firm has an Android app for businesses to manage their accounts.


Previous articleMTN and Orange Group to Allow Mobile Money Interoperability in 22 African States
Next articleTelkom Kenya Set to Expand 4G/3G Coverage with a KES 4.1 Billion Loan
Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]