How to apply for a Paybill Number with Safaricom

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Are you in need of an mpesa paybill number? Well, if you are reading this, chances are you need one. Mpesa paybill number help businesses run smoothly, enabling users to deposit and withdraw money easily, conveniently and instantly.

Here are the requirements needed to apply for a paybill number for a business set up

  1. Signed Tariff Guide.
  2. Filled and signed application form containing the terms & conditions.
  3. Valid copy of Identification card, military service number or passport/alien certificate for foreign residents of the person opening the account.
  4. Copy of business permit/ business registration.
  5. Utility bill or a photo of the business as proof of the existence of the said business.
  6. Letter from the bank or a canceled cheque to confirm your bank details.
  7. An individual or business KRA pin- this one is optional.

With all the mentioned items in your hands, confidently walk with your shoulders up to the Safaricom office and request to be issued with a paybill number.

There you have it! Simple and clear. What better way to do your business without a paybill number?

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About Author

Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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