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I&M Bank Kenya - Lipa Na I&M Bank Paybill

Lipa Na I&M Bank

Lipa Na I&M M-Pesa collection solution issues short codes within 2 hours. You can receive a PayBill and unique short codes for each branch, as well as ensure excellent reconciliation and real-time accountability for all receipts.

Unique Selling Points

  • Funds are credited directly to the account and are available for use.
  • The merchant has the option to request for a collection account separate from the main account, to receive the funds and a sweep is done to the main account at the end of the day.
  • The merchant’s customers can use a # and add an additional narrative after the account number when completing transaction.
  • For instance: PayBill:542542 , Account Number: 888888#house10

Features

  • Zero merchant charges.
  • Merchant and payer receive transaction confirmation SMS.
  • The Bank will issue the merchant with short codes for each branch.
  • Ability to issue different/ multiple short codes for the same collection account.
  • Sweeping of funds per short code to the collection account for ease of reconciliation.
  • Client able to choose business number of their choice.
  • Set up done same day after receiving the application form.
  • Portal for viewing transactions both current and historical and generating collections statement.
  • Customized reports.
  • Branded stickers and tented cards for display at each pay points.

Transaction User Journey

  • M-Pesa Menu.
  • Select Lipa Na M-Pesa.
  • Select PayBill.
  • Enter business number (542542)
  • Enter the assigned short code i.e., 12345.
  • Enter amount then M-Pesa Pin.
  • Customer receives SMS confirmation for I&M bank and M-Pesa.
  • Email & SMS confirmation is sent to the merchant.

Requirements

    • I&M Bank account.
    • Duly filled and signed Lipa Na I&M application form

Want more information?

For set-up kindly contact your Relationship Manager or nearest I&M Bank Branch.

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