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Thursday, 15 October 2015

Safaricom rolls out new M-Pesa name confirmation function

Safaricom has introduced a new functionality called 'Hakikisha' to enable M-Pesa users confirm funds transfer recipients' names before wiring money.

By WINFRED KURIA
 An M-Pesa transaction. Safaricom has introduced a new functionality called 'Hakikisha' to enable M-Pesa users confirm funds transfer recipients names before wiring money. PHOTO | FILE | NATION  

M-Pesa users can now confirm the names of mobile money recipients before completing the transfer transaction.
The Safaricom’s new functionality dubbed ‘Hakikisha’ gives customers a fifteen seconds window to confirm the name of intended recipient which pops up on the screen.
The function allows users to dial the number 1 to stop a transaction within fifteen seconds, failure to which Safaricom automatically wires the money.
However ‘Hakikisha’ will be suspended if no transaction is completed after five consecutive trials by typing 1.
TRANSACTION REVERSALS
The new enhanced function has been introduced to ensure customers no longer lose money to unintended recipients as a result of entering the wrong number.
On average, Safaricom receives 12,000 daily calls from M-PESA customers seeking transaction reversals.
“While a majority of these are resolved successfully, we appreciate that this is a major inconvenience for our customers,” said Safaricom’s financial services director Ms Betty Mwangi.
LIPA NA M-PESA
The pop-up feature will also apply to the Lipa Na M-Pesa pay option. M-PESA agents will benefit from the functionality which they will use to verify identity before depositing funds.
Safaricom has been testing the ‘Hakikisha’ function for the last one month and will roll it out in phases to cover its 21.7 million M-Pesa customers by October 30, 2015. This new enhancement is as a result of improved system capability after migration of M-PESA servers to Kenya earlier this year.

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