How to receive your Safaricom dividends by M-PESA

REGISTER TO RECEIVE YOUR SAFARICOM DIVIDENDS BY M-PESA

If you are a Safaricom shareholder and wish to receive your dividend payment by M-PESA, then please register to do so by sending an SMS to 534 in the following format: ID Number#Full CDSC account number#Full names e.g. 12345678#Bxx/B-xxxxxxxxxxxxx/xx-0#John Smith.

BENEFITS OR RECEIVEING YOUR DIVIDENDS BY M-PESA

  • Convenient: Your dividend will be credited to your M-PESA account immediately the payment process begins. Your money will be available for use immediately.
  • Affordable: You will not be charged for receiving dividends into your M-PESA account, hence giving you more value for your money.
  • Fast: You do not have to go through the lengthy process of waiting for your cheque in the mail, depositing it into your account and then waiting for clearance.
  • Safe: Chances of error in terms of wrong names, address bank account number or lost cheques will be greatly reduced.
  • The registration is a one off exercise.  You are only required to register once in order to be receiving your Safaricom dividends via M-PESA

*Normal M-PESA charges applicable for withdrawals, sending money and pay bill transactions.

REGISTRATION REQUIREMENTS

To receive dividends via M-PESA a shareholder will required to be:

  1. An M-PESA registered customer
  2. A local individual investor (Corporate and foreign investors not eligible for  M-PESA payment)
  3. Receiving a dividend of not higher than 35,000 (higher figures will be paid by Cheque or EFT)

HOW TO REGISTER

To register a customer will be required to send an SMS to 534 in the following format : ID Number#Full CDSC account number# and full names (as they appear on your ID e.g. 12345678#Bxx/B-xxxxxxxxxxxxx/xx-0#John Smith

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Register with either your national ID or passport number depending on what you used to open your CDSC account

SMS to 534 is FREE.

You will not be required to register again if you received your dividend via M-PESA last year.

For more information, Click on http://safaricom.co.ke/index.php?id=1546

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Makao Bora