22nd-Dec-2025 • Martin Mwangi • Digital Payments
In today's fast-paced business landscape, embracing digital payments has become more than just a trend—it's a necessity. This is especially true for Small and Medium Enterprises (SMEs) operating in Kenya and Africa as a whole. By adopting digital payment solutions, businesses can streamline operations, reduce costs, and tap into new markets. Let's explore how SMEs can capitalize on these opportunities.
According to a report by the Communications Authority of Kenya (CA), digital payments in the country grew by 25% in 2019, with mobile money transfers accounting for over 80% of total transactions. This growth underscores the potential that digital payments hold for Kenyan businesses, particularly SMEs.
Digital payments can help streamline business operations by reducing manual processes and errors associated with cash-based transactions. With platforms like Lipabiz, businesses can easily manage invoicing, receipts, and payment collection—all from a single dashboard.
By eliminating the need for physical cash handling and bank trips, digital payments can significantly reduce operational costs for SMEs. Moreover, these platforms often come with features like automated accounting, helping businesses save on accountancy fees.
Digital payments open up new markets by making it easier for businesses to reach customers across the country and even internationally. Lipabiz, for instance, enables businesses to accept payments from over 200 countries.