Safaricom’s Pochi La Biashara is an innovative Mpesa service designed for informal business owners to manage their business transactions more effectively. It allows users to separate business funds from personal funds using their existing Mpesa number, making it a convenient solution for small traders, kiosks, hawkers, and other informal businesses. If you’re looking for a simple way to keep your business finances organized, Pochi La Biashara is the answer.
Features of Pochi La Biashara
Pochi La Biashara offers several features that make it ideal for small business owners:
- No Reversals Without Consent: Once a payment is made, it cannot be reversed without the business owner’s permission, ensuring security for sellers.
- No Paperwork Involved: The entire process is digital, eliminating the need for physical documentation.
- Cashless Transactions: Business owners can accept payments via Mpesa, promoting safer, cashless business transactions.
- Separation of Business and Personal Funds: It allows business owners to keep business income separate from their personal finances, enhancing financial management.
- Earn Commissions: You can sell airtime to customers and earn a 5% commission on the value of airtime sold.
- Mini Statements: Business owners can access mini-statements to track their transactions and monitor their business performance.
- Approval Through Mpesa PIN: All transactions on Pochi La Biashara must be approved using the Mpesa PIN, offering security.
- Daily Transactional Limit: The service has a maximum transactional limit of Kshs 300,000 per day, which includes both personal and business transactions.
- No Charges for Business Owners: Customers who make payments are subject to regular Mpesa charges, but business owners do not incur any fees when receiving payments.
- Protection from Fuliza Deductions: Funds held in the Pochi La Biashara account are not subject to automatic deductions from Fuliza (Mpesa overdraft service).
How To Register For Pochi La Biashara
To register for Pochi La Biashara, you can follow this simple process:
- Dial *USSD 334# from your Mpesa line.
- Select Pochi La Biashara from the menu.
- Choose Join.
- Accept the Terms and Conditions.
- Select your Business Category.
- You will receive an SMS confirmation indicating successful registration.
Once registered, you can start using the service to manage your business transactions seamlessly.
How To Access Funds From Pochi La Biashara
You can access your funds from Pochi La Biashara in two ways:
1. Withdraw Funds From An Agent
- Dial USSD *334#.
- Select Pochi La Biashara.
- Choose Withdraw Funds.
- Select From Agent.
- Enter the agent number and the amount you wish to withdraw.
- Enter your Mpesa PIN to confirm the transaction.
2. Withdraw From Business To Personal Account
- Dial USSD *334#.
- Select Pochi La Biashara.
- Choose Withdraw Funds.
- Select From Business to Personal Account.
- Enter the amount and your Mpesa PIN to complete the transfer.
Pochi La Biashara provides a convenient and safe platform for informal business owners to handle their finances, ensuring they can accept cashless payments and manage their business funds without the need for a separate bank account. With no paperwork, secure transactions, and the ability to earn commissions, it is an ideal solution for the Kenyan informal sector.
