M-Shwari is a paperless banking service offered through M-PESA. It will:
- Enable you open and operate an M-Shwari bank account through your mobile phone, via M-PESA, without having to visit banks or fill out any forms.
- Provide you the ability to move money in and out of your M-Shwari savings account to your M-PESA account at no charge.
- Give you an opportunity to save as little as KSh 1 and earn interest on your saving balance. This cash is moved into the savings account via M-PESA.
- Enable you to access micro credit product (loan) of a minimum of KSh 100 any time and receive your loan instantly on your M-PESA account.
This is a product for everyone who feels that banking should be hassle-free. No forms to fill in, no branches to visit. Just one click on your phone and you have a savings account!
Now you can get going, Lainisha maisha na M-Shwari.