26th-Oct-2025 • Alice Wambui • Payments
Small and Medium Enterprises (SMEs) in Kenya are the backbone of our economy. However, managing payments efficiently can be a challenge due to various factors such as limited resources, lack of digital infrastructure, and complex financial regulations.
This guide aims to simplify the process by highlighting the most effective payment solutions tailored for SMEs in Kenya. Let's dive in!
Despite the rise of digital payments, cash remains popular among small businesses due to its simplicity and accessibility. However, cash transactions come with their own set of challenges such as security risks and inefficiencies.
Mobile money platforms like M-PESA have revolutionized payments in Kenya by offering a secure, convenient, and widely accessible digital payment solution. Over 90% of Kenyans use mobile money for transactions, according to the Central Bank of Kenya.
POS systems enable businesses to accept various types of payments - cash, card, and mobile money - in an efficient manner. These systems offer real-time transaction processing, reducing the risk of errors and delays.
Online payment gateways allow businesses to accept payments from customers worldwide. This is particularly useful for SMEs looking to expand their customer base beyond local markets.
Lipabiz, a leading business management platform in Kenya, offers a robust payments solution that integrates cash, mobile money, card, and online transactions. This all-in-one platform streamlines the payment process, reduces costs, and enhances overall financial management.
As technology continues to evolve, so too will the payments landscape in Kenya. Embracing digital solutions like Lipabiz can help small businesses stay ahead of the curve and thrive in a rapidly changing market.