December 22, 2024

FINTECH MAGAZINE AFRICA

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Kenyan Mobile E-Wallet SasaPay, Launches New Feature to Enhance Funds Transfer

Kenyan mobile E-wallet that allows and facilitates users to send money across other users, SasaPay, has launched a new feature to enhance funds transfers.

The remarkable Auto-Settlement feature enables both merchants and users to effortlessly transfer funds to their bank accounts according to personalized schedules ranging from hourly, daily, weekly or monthly.

It is interesting to note that the feature eliminates the need for manual intervention in transaction handling, streamlining payment procedures and providing enhanced convenience for merchants to manage their finances. Users gain the flexibility to schedule fund transfers at their convenience, specifying days and preferred times.

Speaking on the roll-out of the feature, SasaPay Chief Operating Officer, Daniel Njoroge highlighted the significant impact of the feature which will see it reduce manual intervention and streamline processes, delivering a smoother and more user-friendly experience.

The user-friendly design of the tool streamlines money management for businesses, reducing errors and delays and ensuring a steady and dependable financial flow. Real-time confirmations enhance transparency by instantly informing all parties involved.

To ensure user confidence, SasaPay incorporates robust security measures, including encryption protocols and multi-layered authentication, safeguarding financial data from unauthorized access. 

Notably, the tool proves particularly advantageous for businesses such as matatu Saccos or PSV owners, petrol stations, and small and medium enterprises (SMEs) preferring scheduled bank transfers.

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