M-PESA now linked with solar solution

VALUE ADDED SERVICES

|
Image: By M-KOPA
M-PESA now linked with solar solution

Safaricom and M-KOPA have launched the first GSM-enabled pay-as-you-go solar solution in the world that customers pay for using mobile money.

Using embedded Safaricom enabled sim cards, M-KOPA Solar allows a customer to enjoy the use of a d.light solar home system, while paying daily instalments of Kshs.40 via M-PESA for a period of one year.

An initial deposit of Kshs.2,500 applies, after which customers pay for usage at their convenience. 

This credit-sale model is targeted at low income households in rural areas currently dependent on kerosene for lighting and local mobile bureaus for phone charging. An estimated 3 million Kenyan homes or 80% of the population living off the power grid spend an average of Kshs.70 daily on kerosene and phone charging. 

“The barrier to large-scale adoption of solar lighting has been the high upfront cost of a home system, which makes it unaffordable to the majority of Kenyans. Indeed the penetration of solar lighting products in Africa as a whole remains at less than 2%. M-KOPA Solar has been developed to remove this barrier by making solar home systems affordable and accessible to low income consumers,” said Safaricom CEO, Bob Collymore.

M-KOPA Solar makes available the d.light Solar Home System, a high quality product which combines 3 bright bulbs and a mobile phone charging to meet the needs of the average Kenyan family. It has a one year warranty and a product lifespan of 7-10 years.  

"As with M-PESA, M-KOPA has been designed specifically to suit the needs and budgets of Kenyan consumers.  By working with Safaricom, a world leader for mobile innovation, we can spread this new service to all parts of Kenya,” Nick Hughes, Chairman of M-KOPA, formerly Global Head of M-PESA for Vodafone Group.

Jesse Moore, the Managing Director of M-KOPA, hailed the M-KOPA solar solution as a great step forward in promoting the clean energy inclusion agenda. 

"M-KOPA succeeds when our customers save money. We have over 1,000 customers in Kenya already, with a wide majority telling us how good it feels to save money while getting far better lighting than with kerosene and the convenience of mobile phone charging at home.  We look forward bringing better lighting at lower cost to tens of thousands of homes over the coming year."

M-KOPA solar is currently available in 75 shops in Eldoret and Kitale with plans underway to scale nationwide. Over the next quarter 250 dealers in the North Rift, Nyanza and Western parts of the country will be signed up with a planned roll out for the rest of Rift Valley, Central, Eastern and the Coast planned for next year. 



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Uber offers cashless payments in Accra through SMSGH

Uber, the innovative app that connects riders with drivers, has revealed to Biztechafrica that it has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA).  Read More

MTN drives insurance with IAS

MTN Business is set to empower insurance companies across Nigeria with an Insurance Automation Service (IAS). Read More

Integrated payment markets to fuel future growth

Congo registers strong demand momentum for international and cross-border money transfers, says TerraPay. Read More

Kirusa launches myGenie app, ad platform

Dr. Inderpal Mumick, Oluseyi Akinnibosun and Vishavjit Soni Kirusa, a global telecom and social media solutions provider, has launched myGenie app, a revolutionary free airtime App for prepaid Android users in Nigeria. Read More

Sterling Bank, AppZone’s CreditClub partner on unbanked customers

Sterling Bank Plc has signed up to AppZone’s CreditClub to leverage its agent network and banking technology platform to serve customers outside traditional branches. Read More

Africa offers potential for cashless payment

African countries share some of the world’s highest speeds of digital growth with people now constantly in pursuit of faster and more convenient ways of paying for goods and services. With the advances in technology, it is now possible to satisfy this demand at reasonable costs, delegates heard at ... Read More

Safaricom launches M-PESA bill manager service

Safaricom has launched a new service known as ‘Bill Manager’ that will enable customers to manage and pay bills via M-PESA all in a single transaction.   Read More

BankOne empowers 250 Microfinance Banks

One of Africa’s leading Information Technology platforms for micro finance banks, BankOne, has announced the signing up of its 250th client. Read More

Orange Money in France to allow money transfers to three African countries

Orange Money is available in Metropolitan France to enable Orange mobile subscribers in France to transfer money via their mobile to other Orange Money customers in Côte d'Ivoire, Mali and Senegal. Read More

Dar es Salaam gets Uber

Dar es Salaam has become the 475th city to join in Uber’s growing global network. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

First-ever Africa Barclays Accelerator programme concludesFirst-ever Africa Barclays Accelerator programme concludes

Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.

 

IN DEPTH

Ethical Hacking students can’t get a heck of a jobEthical Hacking students can’t get a heck of a job

Botswana ethical hacking students report that they are failing to break into the local job market.