KCB M-PESA

KCB M-PESA is a mobile-based savings and loan service for M-PESA customers in Kenya, provided by KCB Bank Kenya in partnership with Safaricom, enabling saving and borrowing directly from a phone.

Key capabilities include:

• Target Savings Account: Set a savings goal for 1 to 12 months and make ongoing deposits toward it, starting from KES 50.
• Fixed Savings Account: Lock funds for 1 to 12 months for a project, travel plan, or emergencies, starting from KES 500; it advertises interest of over 8.5%* p.a. on accumulated savings, and early redemption forfeits all interest acquired.
• Savings interest: Both savings options promote over 8.5%* p.a. (conditions apply, as indicated by the asterisk).
• Short-term mobile loans (service-level): Supports small, short-term credit accessed through the M-PESA integration, typically repayable within up to 30 days; eligibility can depend on M-PESA transaction behaviour.

Available via M-PESA on mobile for transactions, with Web product pages for information.

Target audience: individual M-PESA users in Kenya who want convenient mobile savings (goal-based or locked) and short-term credit.

Notable for its tight integration with M-PESA and the KCB Bank Kenya and Safaricom partnership, which brings bank-linked savings and credit into everyday mobile money usage in Kenya.