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BUSINESS: Safaricom Launches Electronic Platform for paying Trips Online

Safaricom CEO, Bob Collimore. PHOTO/COURTESY
Safaricom Limited through its taxi-hailing platform Little has unveiled an electronic wallet to encourage riders using their taxis to pay for trips online.

The in-app feature, dubbed ‘Little Coins’, can be used by riders to load the wallet via an M-Pesa pay bill number to pay a driver or even buy airtime.

Apart from enabling riders to deposit a total of up to 50,000 shillings into the virtual wallet, the feature also allows account holders to pay for rides taken by dependents.

Safaricom now plans to introduce paying off some bills through the online account in the near future.
Further, it is set to partner with a petrol station brand where drivers will be allowed to use the electronic funds to pay for fuel.

“Many drivers have started preferring cashless transactions because that is safe,” said Kamal Budhabhatti, CEO of Little’s parent firm Craft Silicon.He added that Little Coins allows drivers to withdraw funds anytime, making it more convenient than other platforms where cash can only be taken out after a few days.

“Having cash on the Little wallet is easy for riders since they do not have to worry about the change. It’s completely hassle-free. When the trip ends the driver account gets credited both get notified when the transaction is done,” he said.

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