Safaricom extends partnership with more PSV Matatus to Collect Fares through M-PESA

Safaricom (NSE: SCOM) has extended its partnership with public transport sector players to facilitate cashless payments through M-PESA in the ongoing battle to combat the spread of the Coronavirus.

The partnership will see crew from all matatus that terminate at the OTC Terminus and which fall under the Matatu Transport Vehicles Association start accepting fares through their phone numbers. These include vehicles under GMK and PinPoint Matatu Saccos.

“Many businesses are seeing an increase in demand to accept M-PESA payments due to the ongoing concerns around the Coronavirus and our recent move to enable Kenyans send M-PESA transactions of KES 1,000 and below for free. Our partnership with the different public transit players brings the convenience and safety of M-PESA to this crucial sector given the widespread uptake of public transport across the country,” said Sitoyo Lopokoiyit, Chief Financial Services Officer, Safaricom.

Deployment Ongoing across the Country as more SACCO’s opt for collection of fare through M-PESA

Todays’ partnership brings more than 200 vehicles on board the service. The service has already been deployed to more than 300 City Star Shuttle vehicles in Nairobi and continues to onboard additional players in the coming days, helping them further comply with the Government’s recommendations to combat the spread of Coronavirus.

Passengers paying their fares through the service will follow the standard procedure when sending money to another person, keying the number provided by the crew.

Among measures to help minimize the impact of Coronavirus to its customers and to help them avoid the use of cash, Safaricom has announced all its M-PESA customers can Send Money for free for transactions of KES 1,000 and below for a 90 day period.