M-Pesa B2C Float Deposit Guide

M-PESA B2C FLOAT DEPOSIT GUIDE

In an effort of making M-PESA float deposit process easier and faster, we have simplified the deposit process for both EFT and RTGS transfers requests made to both Commercial Bank of Africa (CBA) and Kenya Commercial Bank (KCB).

When making deposit to your M-PESA account via EFT or RTGS at either KCB or CBA, the receiving/beneficiary account number shall be a combination of the prefix 333 and your M-PESA organization short code/Business number. [333] [M-PESA Short-code].

For Example:

If your M-PESA organization Short-code/Business number is 200200. When making M-PESA deposit via EFT or RTGS, the receiving account number shall therefore be 333200200. If your short-code is 200200, the receiving account shall be 333200200 etc.

The rest of the details remain the same as below:-

Frequently Asked Questions for M-PESA Float Purchase Deposit Process

1. What is happening?
We (M-Pesa) have made it easier and more efficient to purchase M-PESA Float by depositing funds to the M-PESA Holding Bank Account at either Commercial Bank of Africa (CBA) or Kenya Commercial Bank (KCB) for EFT and RTGS transfers ONLY.

Please do NOT load using/through an mpesa transaction paying into the mpesa paybill.

2. So what is changing?
Float Purchase process for EFT or RTGS transfers made at Commercial Bank of Africa (CBA) — Now NCBA, or Kenya Commercial Bank (KCB).

i. This means that when purchasing M-PESA float, you will be required to enter a combination of a prefix 333 and your M-PESA Head Office Short Code/Business number as the Beneficiary account number

ii. For example: If your M-PESA Head Office Short Code/Business number is 123456, you will be required to enter the beneficiary account number as 333123456 on the deposit slip/EFT/RTGS instructions.

iii. The other details remain the same i.e. Beneficiary Account name as M-PESA Holding Company Limited and Beneficiary Bank as Commercial Bank of Africa (CBA) or Kenya Commercial Bank (KCB).

3. What happens when I deposit funds to the previous account details?
The request will be rejected, and funds reversed back to your Bank account and your bank shall notify you accordingly.

4. What is the advantage of this new process?
iv. Reduced turnaround time from 3 hours to 45 minutes for availability of M-PESA float in your M-PESA Head Office Short code/Business Number after making a deposit.

v. Minimal errors in the deposit beneficiary account details since you will be required to enter the prefix 333 plus your M-PESA Head Office Short Code/Business number.

5. What happens when I enter the M-PESA Head Office Short code/Business Number without the prefix 333?
The request will be rejected, and funds reversed back to your Bank account and your bank shall notify you accordingly.

6. How long will it take for the M-PESA float/funds to be availed in my Head Office Short code/Business Number after making a deposit?
i. For Cash Deposit: Approx. 45 Mins
ii. For EFT Deposit: Approx. 45 Mins
iii. For RTGS Deposit: Approx. 45 Mins
iv. For Cheque Deposit: Approx. 3 working days.

7. Who can I contact in case of an inquiry about a delayed deposit?
In case of any inquiries, kindly get in touch with us on M-PESAfinance@safaricom.co.ke or 0722004980

Welcome to Quikk Handaki.

Quikk Handaki means tunnel in swahili.

Quikk Handaki is a JSONAPI verson 1 specs formatted M-Pesa REST API.

It is an enterprise grade connection to M-Pesa Daraja. It aims to give developers a smooth experience while integrating to M-Pesa by offering.

1. Easy testing of the M-PESA Daraja sandbox.
2. Simple Architecture for easy developer design.
3. Standardization. A slick, BEAUTIFUL API that is clear, concise and simple.
4. 2-way bank-grade security for both M-PESA and Developer app that’s not overbearing.
5. Better Workflow, providing clear documentation, stable and reliable mocking and testing.

Why the name Handaki™? Well.. because tunnels are way cooler than bridges!!!