Since its inception, M-PESA has expanded its footprint significantly. Currently, nearly 30 million users across 10 nations benefit from the platform. The introduction of Lipa Na M-PESA in 2012 broadened the service’s applicability, enabling businesses to process payments more efficiently.
The platform’s growth is due primarily to its alignment with prevalent mobile phone usage and its role in filling a critical gap in financial access for underserved populations.
— M-PESA ensures all transactions are secure by requiring a PIN for each transaction. This additional layer of security helps protect users from unauthorized access, providing peace of mind when depositing funds into online casinos.
— One of the key advantages of M-PESA is the ability to transfer money in real-time. This means that once you deposit funds into your online casino account, the money is available immediately for you to start playing without any delays.
— M-PESA registration and cash deposit processes are available at a wide range of authorized agents, such as mobile phone stores and various retailers. This widespread accessibility makes it easy for users to fund their online casino accounts regardless of their location.
— M-PESA allows users to perform transactions without the need for a traditional bank account. This is particularly beneficial for individuals who may not have access to banking services but still wish to participate in online casino gambling.
— Since M-PESA transactions are completed using electronic money, users can maintain a level of anonymity. The transactions do not appear on bank statements, which can be an advantage for players who prefer to keep their gambling activities private.
With more than 50 million people across Africa without a traditional bank account, M-PESA is a perfect alternative, especially due to the widespread mobile service.
Depositing money into a casino using M-PESA is a process of sending an international payment. Here’s how it works in Kenya, for example:
Users dial *840# and accept the Terms and Conditions first. Then, they select sending money abroad and follow the prompts to wire the funds to a casino. These prompts may include inputting a mobile phone number and other details.
The whole process is quite seamless and not much different than any other M-PESA transaction, which brings the necessary familiarity for the users.
| Deposits | Kshs 1 |
|---|---|
| Withdrawals | Kshs 200 |
