M-PESA Casino Payment Solution

Table of Contents

History
M-PESA Updates
Pros and Cons
How to Use M-PESA in Online Casinos
Regions
Payment Methods
Available Currencies
Main Benefits of M-PESA
Player Experience
Transaction Limits
Customer Support
Security
Licenses
FAQ

History

M-PESA is a revolutionary mobile phone-based money transfer system that was launched in 2007 by Vodafone and Safaricom. The system initially targeted communities without access to traditional banking in Kenya and Tanzania. The service rapidly gained traction with high mobile phone penetration in these regions.

M-PESA offers a comprehensive suite of financial services via mobile, from money transfers and payments to credit and savings. It has integrated millions into formal economic systems and lowered crime rates in societies where cash transactions were dominant. Yet, it has drawn criticism for steep service fees. 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 Updates

2020 — Vodacom & Safaricom acquire the M-PESA brand from the Vodafone Group
2021 — M-PESA celebrates its 50 millionth customer.

2022 — Visa and Safaricom create ‘M-PESA GlobalPay’ virtual card available through M-PESA’s telephone service of mobile app.
2024 — M-PESA signs a partnership agreement with Microsoft.

Pros and Cons

Pros

Fast withdrawals and deposits
Ease of use
Secure and safe transactions
Cost-effectiveness and low transaction fees
Dominant method in Kenya and across Africa

Cons

Transaction fees on each transaction
Limits on how many deposits you can make per day

How to Use M-PESA in Online Casinos

Here’s how players can use M-PESA to make casino payments.

Register for M-PESA Service — Visit authorised agents like small mobile stores, barbers, or other local retailers to sign up.
Deposit cash for electronic money — Hand over cash to the agent, who will convert it into electronic money for your M-PESA account.
Payment confirmation — Authenticate the payment by entering a unique PIN, ensuring security.
Receive confirmation SMS — Both sender and receiver get a confirmation SMS detailing the transferred amount.
Transfer the funds to the online casino — Select M-PESA under your casino account's “Deposit” section and input the amount you wish to deposit. Enter the M-PESA PIN on your phone to authorise the transfer.
The online casino receives the funds instantly and confirms the deposit.

Regions

There are 604,000 M-PESA agents operating across Kenya, Tanzania, the Democratic Republic of Congo (DRC), Egypt, Ghana, Lesotho, and Mozambique.

Payment Methods

Players usually pay for M-PESA funds in cash at authorised retailers.

Available Currencies

M-PESA predominantly caters to East African markets, namely Kenya, Lesotho, Democratic Republic of Congo, Tanzania, Ghana, Mozambique and Egypt, and is available in local currencies.

Main Benefits of M-PESA

There are plenty of advantages of using M-PESA to fund your online gambling account, including the following:

Secure Transactions

— 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.

Instant Transfers

— 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.

Convenient Accessibility

— 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.

No Bank Account Needed

— 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.

Anonymous Transactions

— 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.

Player Experience

With M-PESA, African casino players are now able to transfer cash into electronic money and deposit it into online casinos accounts safely and swiftly. Each deposit is authorised by entering a PIN number, so there’s no concern about fraud. 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.

Transaction Limits

Deposits	Kshs 1
Withdrawals	Kshs 200

Customer Support

The customer support service depends on your location. For example, at Safaricom in Kenya, you can call 100 (Free) or +254 722 002100 (chargeable) to contact support or send an email to customercare@safaricom.co.ke

Security

Each transaction is confirmed using a PIN, ensuring the payment's security. Also, there are additional security measures in certain countries. For example, when sending money to South Africa, the sender must input a secret word, and the recipient must have that secret word at the collection point to receive the funds.

Licenses

Safaricom operates under a special license from the Central Bank of Kenya.

FAQ

Is M-PESA a secure method for online casino deposits?

Yes, M-PESA employs a PIN-based authentication system and sends a confirmation SMS for each transaction, ensuring secure money transfers.

Can I withdraw casino winnings back to my M-PESA account?

The technical possibilities are certainly there. However, it depends on the casino's policies. Some online casinos allow withdrawals to M-PESA, while others may not.

Are there any fees for using M-PESA for casino transactions?

M-PESA generally charges fees for transactions, but these can vary. Check with your casino and M-PESA agent for specifics.

How quickly are funds transferred via M-PESA?

Transfers are instant. Both parties receive an SMS confirmation, and the recipient gets the electronic money in real time.

Puoi acquistare questo prodotto su SoftGamings contattando i nostri consulenti.

White Label

Will suit those who seek a cost-effective and fast solution.

Bitcoin Casino

Developed in the same way as White Label, but with the difference that it is targeted at cryptocurrency markets.

Turnkey Casino

Offers wide customisation possibilities, including design and functionalities.

Self-Service

The Softgamings unique service which allows your own IT team to develop a customised casino.