16th-Nov-2025 • Martin Mwangi • Business Payments Platforms
As a small or medium-sized enterprise (SME) owner in Kenya, managing finances effectively is crucial to your business's success. One aspect that often demands attention is the efficient handling of business payments. In today's digital age, business payments platforms have emerged as game-changers for SMEs across Africa.
These platforms offer a plethora of benefits including streamlined processes, reduced costs, improved cash flow visibility, and enhanced security. Let's delve into some top options available in Kenya.
M-PESA, a service provided by Safaricom, is undeniably the most popular mobile money transfer platform in Kenya. With over 27 million active users, M-PESA allows businesses to send and receive payments, pay bills, make deposits, and even transact with other countries.
Lipa Na M-PESA is a service that enables merchants to accept M-PESA payments directly. It simplifies the process of collecting payments from customers, reducing the need for cash handling and minimizing operational costs.
Tilt, now known as Lipa Later, is a leading digital payment solution in Kenya. It offers businesses flexible payment terms, allowing them to buy now and pay later. This service can be particularly beneficial for SMEs requiring large purchases or inventory.
Our very own Lipabiz Technologies Ltd is a business management platform designed to streamline various aspects of your enterprise, including payments. With Lipabiz, you can manage invoices, track expenses, and process payments all in one place, making it an ideal choice for SMEs looking for a comprehensive solution.
According to a report by the Central Bank of Kenya, mobile money transactions surpassed KES 2.1 trillion in 2020, highlighting the importance and popularity of digital payments in the Kenyan market.
To maximize your business's potential, consider integrating one or more of these platforms into your operations. By doing so, you'll be able to focus on growing your enterprise while leaving the hassle of payments behind.