23 August 2013

M-Shwari

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A revolution in banking is in the offing through M-Shwari.
M-Shwari is the revolutionary new banking product for M-PESA customers that allows you to save and borrow money through your phone while earning you interest on money saved. With M-Shwari, you are also entitled to affordable emergency loans.

This is a product for everyone who feels that banking should be hassle-free. No forms to fill in, no branches to visit. Just one click on your phone and you have a savings account!

What is the M-Shwari Service?

    This is a paperless banking service offered through M-PESA that will;
  • Enable you open and operate an M-Shwari bank account through your mobile phone, through M-PESA, without having to visit any bank to fill out bank account opening forms.
  • It provides you the ability to move money in and out of your M-Shwari savings account to your M-PESA account at no charge.
  • It gives you an opportunity to save as little as Ksh.1 and earn interest on your saving balance. This cash is moved into the savings account using your handset via the M-PESA Menu.
  • Enable you access micro credit product (loan) of a minimum of Ksh.100 anytime and receive your loan instantly on your M-PESA account.
What are the requirements to have an M-Shwari Account?
    To get an M-Shwari account, you need to be:
  • A registered Safaricom Subscriber.
  • A registered Safaricom M-PESA customer.
  • Have an active Safaricom M-PESA account/line.
  • You need to hold any of the following identification documents; Kenya National Identification Document (ID); Kenyan Passport Document ; Alien ID (resident Permit) registered by the Government of Kenya.
How do you as an Existing M-PESA Customer opt in/activate your line into the service?
    To update your Menu
  • Go to the Safaricom menu on the phone.
  • Select "M-PESA".
  • Go to "My account".
  • Select "Update Menu"
  • Enter M-PESA PIN
  • (Wait to receive the updated M-PESA menu)
Source: http://www.safaricom.co.ke/personal/m-pesa/m-shwari 

    Bonyeza Ushinde

    Bonyeza Ushinde Promotion is back, The promotion rewards subscribers with cash and other prizes for a period of 60 days starting August 7th –October 5th.

    The grand prize winner will get Ksh 10,000,000 and drive away with an Isuzu Pickup TFR 54 I-190 4X2 S/C truck. There will be also be one weekly winner of a Pick Up truck, daily winners of Ksh 1,000,000, 5 winners of Ksh 10,000, Ksh 5,000 and Ksh 2,500 daily and 1000 winners of Ksh 100 Safaricom airtime.



    To enter the promotion, send your name via SMS to 29555. You will then accumulate points by answering simple multiple choice questions. These points will then be used in a draw to pick the daily, weekly and grand prize winner.

    Source: http://www.safaricom.co.ke/personal/prepay/bonyeza-ushinde