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The Standard Group Plc is a
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Standard Chartered Bank has partnered with Safaricom to introduce a platform that allows customers and agents using the Lipa na M-Pesa service to convert electronic money into cash in real time. This follows the integration of the M-Pesa platform with Standard Chartered’s payment system.
On receipt of e-values from merchants’ paybills or till numbers, the bank will immediately credit their accounts with cash. Merchants have been using a manual system that takes a minimum of six hours to credit accounts.
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