Enjoy making easy bulk payments to your employees, suppliers or partners through this payment processing system that allows you to remotely upload payment instructions
Why choose the Simple Payments Solution
Make instant payments to employees and vendors at the click of a button
Make payments without worrying about cut-off time
Safely make payments to bank accounts and M-PESA
Cheaper transaction charges compared to EFT
Payroll confidentiality is maintained throughout
Account reconciliation is easier and automated
Eligibility / Documents Required
Duly filled application and indemnity for SPS procedure forms
Applicant must have an active bank account with SBM bank
Excel sheet document with list of payees and their account details
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Rates & Fees
Transfer charges per transaction to M-PESA – Kes. 58
Transfer charges per transaction to SBM account – Kes. 100
Transfer charges per transaction to another local bank account – Kes. 150