Safaricom has partnered with KAPS to enable motorists across the country pay for their parking by M-PESA.
The partnership will see the service provider integrate M-PESA to their platform, allowing cashless payments at more than 50 locations including malls and hospitals for the first time.
The service can be accessed by dialling *486# which will then enable customers to make parking payments with M-PESA in just two steps. In the first step customers can view their bill before making the payment in the second step. The partnership will also enable customers to use their M-PESA 1Tap cards in place of the KAPS card to access and exit parking lots.
The service is already available at more than 52 KAPS locations including in Nairobi, Kisumu, Eldoret, Mombasa, Nanyuki and Nakuru. Customers using the Lipa Na M-PESA 1Tap card to pay for their parking will get their entire parking fee back for the first three transactions they make. Cashless payments will also benefit parking service providers by reducing the point of failure associated with cash machines, and the need to collect and transport cash from parking points.
According to data from the Central Bank of Kenya, the mobile phone is the most popular mode of cashless payments in the country, accounting for more than eight out of every ten cashless transactions in October 2018.