SasaPay Introduces Cash-back model for SMEs

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Daniel Njoroge deputy CEO SasaPay 

NAIROBI, Kenya Dec 2... The new cash-back model designed to empower business owners to reduce costs and bolster profitability by receiving compensations for collecting payments from customer through SasaPay flagships Lipa-na-Sasapy platform.

The innovative approach not only eradicates cash collection fees for merchants but also allows small and medium size businesses (SMEs) to add a daily prorated cash-back at the rate of 1.2 percent per anum for using SasaPay platform

"SasaPay not only eliminates this fee but also helps the business generate earnings from its collection, they will further have access to working capital from SasaPay partners enabling them to grow there businesses" said Daniel njoroge, Deputy CEO SasaPay

The model has also established interoperability , enabling SasaPay merchants to make and receive payments from all channels including SasaPay, bank accounts, M-pesa, Airtel money an more.

According to data from Central Bank of Kenya reveals a staggering 46.3 percent of SMEs face financial challenges and cease operations in their first year with the highc cost of doing business ranking among the leading factors contributing to the high closure rate 

Kenya national Bureau of Statistics (KNBS) , there are over 7 million SMEs in the country, providing employment to more than 14.4 million kenyans across various sectors of economy.

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