How to register Mpesa online: everything you need to know

Kariuki Maina
By Kariuki Maina 5 Min Read

Are you constantly looking for new services that make it easy to send mobile money? Have you thought about utilizing Mpesa? Did you know that Mpesa registration is required online, not just having a Safaricom or Vodafone number? Once you have Mpesa, you can send money abroad via M-pesa being in the know that there’s Maximum Mpesa balance allowed.

This article is written specifically for you if all of these questions have been posed to you. Both the sender and the recipient should be able to send mobile money with ease. Mpesa strives to be one of the companies that makes it as simple as possible to send mobile money.

This brief guide is intended to provide you with all the information you require regarding Mpesa, the services it offers, and online registration.

Mpesa presentation

Mpesa is a mobile money transfer service that was established in 2007 as a joint venture between Safaricom and the Vodafone Group, two of the world’s largest mobile operators. Since its inception in Kenya, the service has expanded to more than ten African and Middle Eastern nations. Mpesa was previously available in Albania, India, and Romania; however, the service was discontinued due to low market adoption.

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In countries where the banking system isn’t developed enough or is too expensive, Mpesa is a solution. It also makes it easier to send and receive money from overseas without having to use Western Union or MoneyGram, two of the more conventional services.

In developing nations, Mpesa is a popular service with over 50 million subscribers in 2023.

All the rates of Mpesa online

The online Mpesa rates vary from country to country. M-pesa sending charges in Kenya are listed in our previous article. Keep in mind that rates vary depending on whether you want to conduct transactions with registered or unregistered users.

The most important Mpesa transfer rates for Kenya are listed in the table below. However, the rates in the other nations are not significantly different from one another.

Mpesa online: how does it work?

Since Mpesa is a mobile money service, users can conduct transactions only with their mobile devices.

The following is a list of the Mpesa-supported transactions:

  • deposit and withdraw money
  • pay bills (such as utilities, phone subscriptions, internet etc.)
  • transfer and receive money
  • top-up your mobile
  • create virtual accounts for your savings
  • make loans (available only in some countries)

Mpesa charges a commission for each transaction, just like any other service that transfers money. When funds are transferred in various currencies, the service also makes money from fluctuations in exchange rates. However, the company’s competitive advantage is the relatively low fees.

An Mpesa wallet can be used to withdraw mobile money. However, the majority of nations have facilitated its use and quickly adapted to this rather novel method of payment. Simply by scanning a QR code and entering your PIN, you can use mobile money to make purchases that are immediately withdrawn from your mobile wallet.

How to register Mpesa online: create and manage your account

In Kenya, you can’t register your Mpesa online; you have to go to an agent first. It shouldn’t take long, thanks to the country’s abundance of partner shops.

Therefore, the first thing you need to do to sign up for Mpesa is go to a Safaricom vending point with your mobile plan and some form of identification. You will receive a confirmation message and a 4-digit Mpesa pin after your agent takes your request into consideration.

The Safaricom app is the easiest way to register your Mpesa online and manage it once you have the pin.

To create your account, follow the steps below:

  • login the Safaricom app with your mobile
  • Select Mpesa, then push on Activate
  • Enter the pin you previously received after registering
  • Create your own 4 digits Pin
  • Enter the ID number you used to register

It’s done. You have now registered your Mpesa online account. You can make transfers, pay bills, buy groceries, and make deposits all from it, which gives you all the benefits of mobile money.

 

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By Kariuki Maina Kariuki Maina
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