Safaricom has introduced a new rent collection and payment service dubbed Lipa Kodi na M-PESA. Under the new scheme, customers will pay Kshs.6 for transactions of upto to Kshs. 5,000 while those paying between Kshs.50, 000 and Kshs.70, 000 will be charged a transaction fee valued at Kshs. 220.
Lipa Kodi (Kiswahili for Pay your Rent) is designed to offer convenience and cost efficiency to tenants, landlords and housing agents by providing them with a safe and reliable rent payment and collection mode.
“Lipa Kodi is yet another solution from Safaricom that seeks to broaden the financial inclusion agenda through the use of the mobile phone. Lipa Kodi is expected to redefine the payment ecosystem for Kenyans and how they meet their rental obligations,” said Safaricom’s General Manager for Financial Services, Betty Mwangi-Thuo.