4.8 Million Kenyans To Access Pension Services Via M-Pesa Mini App

By Soko Directory Team / Published January 31, 2022 | 8:28 am

KEY POINTS

NSSF has moved to make it easy for Kenyans to save through the ever-changing trends in technology.

The Fund has partnered with Safaricom to enable customers to conveniently access services through the NSSF Mini App on the M-PESA Super App.

KEY TAKEAWAYS

More Than 4.8 Million M-PESA Super App Customers Can Now Digitally Access NSSF Services.

As part of the launch, the first 1,000 NSSF members to make contributions through the NSSF M-PESA Mini App will get an extra 10% free topped up to their account.

Retirement is as inevitable as death. It is as inevitable as old age. It comes without being invited. It reaches a time that one has to call it quits and rest. For many, it is not always an easy decision because it is a time to say goodbye to a regular income.

Saving for retirement is one way of preparing for a rainy. It is a way of ensuring that when one retires, there is a constant stream of income that comes in to keep them smiling with each passing day. The National Social Security Fund (NSSF) has been putting in place mechanisms that will encourage more Kenyans to save for their retirement.

NSSF has moved to make it easy for Kenyans to save through the ever-changing trends in technology. The Fund has partnered with Safaricom to enable customers to conveniently access services through the NSSF Mini App on the M-PESA Super App.

The new partnership means that customers can register for NSSF membership, keep track of their contributions, top-up and manage their NSSF account, and make Tenant Purchase Scheme (TPS) payments all within the M-PESA Super App.

“The demand for NSSF services and the need to save for pension has gone beyond formally employed people to entrepreneurs especially those running medium and small businesses. It has therefore become necessary to partner with organizations such as Safaricom to extend the reach of our services including through smartphones on the NSSF M-PESA Mini App,” said Anthony Omerikwa, Managing Trustee – NSSF.

Customers can access the NSSF Mini-App through the “Discover” option on the M-PESA Super App. As part of the launch, the first 1,000 NSSF members to make contributions through the NSSF M-PESA Mini App will get an extra 10 percent free topped up to their account.

“We continue to explore different ways to provide our customers with even more convenience and access to useful services by establishing key partnerships with organizations such as NSSF. The NSSF Mini App will go a long way in providing customers with an exceptional user experience while providing them with the freedom to access services on their smartphones at any time through the M-PESA Super App,” said Peter Ndegwa, CEO – Safaricom.

The NSSF M-PESA Mini App comes on the back of the November 2019 launch of Haba Haba, a savings plan for business people in the jua kali sector. Haba Haba gives members a chance to save a minimum of Ksh. 25 a day, with the option of withdrawing 50 percent of their contribution after consistently contributing for a minimum of 5 years.

The M-PESA Super App provides customers with a range of Mini Apps that enables them to conveniently access a variety of products and services from a single app on their smartphones including SGR booking, airline tickets, bus tickets, shopping gifts vouchers, insurance gas delivery, and Pay TV services.

Other key features of the Super App include saving of frequent bills, downloadable M-PESA statements, use of fingerprint and face lock in place of the M-PESA PIN, Send to Many, among others.

More than 5 million customers have downloaded the Super App since its launch.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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