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Step 1: Simply enter the amount. Step 2: Choose Mobile Wallet as the receiving option. Step 3: Provide your recipient's M-Pesa mobile number. Step 4. M-Pesa is a third-party payment vendor. Their features and fees vary depending on how you choose to withdraw your funds from your M-Pesa account as well as the. M-Pesa is a Kenyan mobile payments platform, one of the first of its kind in Africa (pesa means "money" in Swahili). Jointly operated by British.

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M-Pesa is an electronic money transfer product that enables users to store this financial product would work and was appropriate in Kenya's financial. On applying for M-Pesa, customers get a mobile wallet issued by VMPL called "VMPL Wallet" and also a Mobile Money Account with ICICI Bank. The Wallet and the. How does it work? · Send money to another M-Pesa customer · Pay bills (e.g. telephone, electricity, water, TV) · Top up airtime · Pay for goods with merchants and.

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M-Pesa works to advance financial inclusion in undeserved communities which allows better financial opportunities to deal with risks such as disease. Originally envisioned as a mobile-based micro-financing application to extend financial access to the underbanked in East Africa, MPESA was retooled as a mobile. When you have money in your account you can easily send it to any other user of your choice. Just go to the M-Pesa menu on your phone then select the 'Send.