Have you ever wondered if you could earn interest as an M-Pesa user? Just relax because that is what today’s post is about. You will learn how to register, activate, and earn interest on the Safaricom Mali investment product via Mpesa.
To make it simple for you, investing in the Mpesa platform
and earning interest.
If that has been what you wish to do, then Safaricom is
at your door-step once again.
Being the biggest telecommunication network in Kenya,
Safaricom has evolved over the years with great and juicy innovative products.
One such wonderful service from Safaricom is the
introduction of Mali for M-Pesa users.
With Mali, Mpesa subscribers can now invest and earn so much
interest through the Mali product.
Before we dive into the details of Safaricom’s Mali
investment, it is fair I mention that Mali is a new product from Safaricom.
There is limited information on the service.
The name Mali is a Kiswahili name meaning “Wealth.”
So by mere inference, you can deduce that the Mali
product on M-Pesa is a game-changer to bring wealth for the people in
Kenya.
The main aim of the Mali product through Mpesa is to enable
the user to invest quickly and more securely.
Requirements To Subscribe For The M-Pesa Mali Investment
These are some of the requirements to register for
Safaricom Mali product:
- Mpesa
PIN
- Phone
Number
- Valid
email address
- Paybill
number
- Contact
information for your next of kin
- You
need a smartphone or any mobile device
After getting those requirements, you can now register and
start using the Safaricom Mali investment platform.
How To Register For Safaricom Mali
Mpesa powers the Mali investment product, so the
registration is very simple.
You can register by using either a USSD code or through a
PayBill number.
Follow these steps to register for the M-Pesa Mali
investment product:
- Dial
*230# on your phone.
- A
pop-up menu will appear with the M-Pesa terms and conditions.
- Select
option 1 to accept the Safaricom Mali terms and
conditions.
- Click
next to continue.
- You
will receive an SMS from Mali.
- Enter
your Mpesa PIN.
- Next,
enter a valid email address.
- Provide
your next of kin contact.
Things to Know About The Safaricom Mali Wealth Management
Tool
There are certain things you need to know about the Mali
investment management tool and these include the following:
1. You must be an M-Pesa user for at least three (3)
months to be eligible.
2. You enjoy a 10% annual interest return on investment, and
that is also subject to withholding taxes.
3. The USSD code works on the Safaricom network.
4. The investment is almost always instantly accessible.
5. You can top-up your Mali investments on Mpesa via
a USSD code or a Paybill number.
6. The deposits you make into your Mali investment account
are free of charge.
7. All the withdrawals you make from the Mali investment
tool are also free.
8. The limits for Mali investment are Ksh 100 minimum and
Khs 70,000 maximum.