ShareM-Pesa, Safaricom’s leading mobile money platform, is set to roll out standing orders – a first for mobile financial services globally. “This is the first initiative where you’ll have standing orders on a mobile platform – the first in the world,” said Safaricom CIO George Njuguna. But standing orders could significantly enhance M-Pesa’s offerings for bill pay, credit, and savings. For bill payment, standing orders will likely integrate with existing services like Lipa Na M-Pesa and Buy Goods. If successful, it could set a model for mobile money platforms globally to integrate digital banking services like standing orders.
