Safaricom’s mobile money platform, M-Pesa, has launched a new payment feature allowing subscribers to set up standing orders directly from their e-wallets as the telco moves to enhance the user experience and streamline financial transactions on the popular service.
Predominantly used in banking systems, a standing order is an instruction that a customer gives to a financial institution to pay a fixed amount to a billing account in regular intervals (weekly, monthly, or annually) in an automation scheme that eliminates the need for manual input when settling recurring charges.
