• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Friday, May 20, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Lifestyle
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Safaricom Unveils Lipa Mdogo Mdogo Plan to Offer 4G Phones at Ksh 20 Daily

Mwakaneno GakwelibyMwakaneno Gakweli
July 29, 2020
in Kenyan News, Technology
Reading Time: 3 mins read
Lipa Mdogo Mdogo

Lipa Mdogo Mdogo Launch.


Safaricom, in partnership with Google today launched the Lipa Mdogo Mdogo payment plan which will allow customers who earn a daily wage to access low-cost 4G smartphones for a deposit of KSh 1000 and a daily instalment of Ksh 20 bob. The plan aims at bringing on board more first time users on the internet.

Safaricom’s Chief Customer Officer Sylvia Mulinge says “Safaricom has brought to customers yet another first. Lipa Mdogo Mdogo is aimed at granting our customers access to opportunities on the internet.”

2G users will be able to access 4G devices through the Lipa Mdogo Mdogo financing project available through the Neon Ray Pro, currently retailing at Ksh 5,999.

ADVERTISEMENT

The plan will ride on the company’s investment in 4G penetration, bringing more handsets to the network. In the last financial year, Safaricom invested Ksh 36 billion in network upgrades. While the 4G network is already available in all major towns, at 77% coverage, only 17% of devices in the country use the network generation. Further, according to the Communications Authority, the country still records low smartphone at 45% compared to a total mobile penetration 116%.

Speaking at the launch of the Lipa Mdogo Mdogo payment plan, Safaricom CEO Peter Ndegwa said they are targeting a million more users through the phones. Further, Ndegwa said that Safaricom would offer 80% 4G coverage within the next five years.

“We recognize that today’s mobile phone is not just a device; it is a tool for development. We are witnessing a difference in income between those with mobile internet and those without it. Together with Google’s Android, we are aiming for 1 million customers,” said the CEO.

Ndegwa also said that the company might roll out the service, the world’s first, in other countries based on its success in Kenya.

Google will provide Android devices, taking up with device manufacturers and mobile operators to drive digital economies as part of its plan to make the power of computing commonplace.

Eligibility for Lipa Mdogo Mdogo

Customers eligible for the service include those who have used Safaricom services for at least one year, using Mpesa, voice and SMS services. Moreover, users must be above the age of 18. Currently, Lipa Mdogo Mdogo targets individuals with 2G phones, looking to roll out the service to 3G mobile users later.

Eligible customers will opt-in for the service using the USSD code *544#, allowing Safaricom to check their eligibility, based on their interactions with the provider. After the users are qualified, they can pay the Ksh 1000 deposit at any Safaricom shop and continue paying the 20 bob instalment every day through the Safaricom App.

The higher purchase smartphone financing plan will cost the customer a total of Ksh 6,580. Customers who fail to pay daily instalments will get a three day grace period after which Safaricom will engage them on the default.

“We will give users a grace period of three days to catch up with their payments, and later engage them to find out why they are falling back. In case of further default, the phone will lock out the user, only allowing access to the Safaricom App for instalment payments,” Sylvia added.

Safaricom is also working on mobile phone insurance to cover theft for the new mobile devices.

Read Also: Safaricom Introduces Alerts on Mpesa Transaction Limits


Hisa App Hisa App Hisa App
Previous Post

NSE records Improved Activity in Q2, 2020

Next Post

Tuskys Shareholders Approve Acquisition of Majority Stake by Strategic Investor

Related Posts

Postal Corporation of Kenya Signs Deal with Somaliland

May 20, 2022

Safaricom Investment Cooperative Issues 150 titles in Nanyuki Project

May 20, 2022

Ascent Capital Acquires Majority Stake in Valley Hospital

May 20, 2022

Stanbic Holdings Announces Retirement of Ruth Ngobi as Director

May 20, 2022

Bamba Secures $3.2M to Upscale its App

May 20, 2022

CBK Accepts KSh 22.9B at Weekly T-Bills Auction

May 20, 2022

Mastercard Inks Deal with Opay to Grow Digital Payments

May 20, 2022

Madison Announces Plans to Quit the Annuity Business

May 20, 2022
Load More
Next Post

Tuskys Shareholders Approve Acquisition of Majority Stake by Strategic Investor

ADVERTISEMENT

Follow Us

  • 136.4k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

May
20
Fri
all-day Equity Group Book Closure
Equity Group Book Closure
May 20 all-day
 
all-day Stanbic Holdings Book Closure
Stanbic Holdings Book Closure
May 20 all-day
 
May
24
Tue
all-day BAT Kenya Payment of Final Dividend
BAT Kenya Payment of Final Dividend
May 24 all-day
payment of final dividend of kes 50.00
May
25
Wed
6:09 am Standard Chartered Dividend Payment
Standard Chartered Dividend Payment
May 25 @ 6:09 am – 8:30 pm
payment of final dividend of kes 14
May
26
Thu
all-day ABSA Bank Kenya Dividend Payment
ABSA Bank Kenya Dividend Payment
May 26 all-day
 
all-day I&M Group Final Dividend Payment
I&M Group Final Dividend Payment
May 26 all-day
 
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In