Company news

    September 9, 2024

    Meet the new KES wallet on Klasha

    We're thrilled to announce that the KES wallet is live on Klasha!

    With the KES wallet, merchants can now accept payments from customers in Kenya and receive payouts in their preferred currencies. The KES wallet is an addition to our multi-currency account portfolio. It aims to provide a more competitive edge, a seamless and efficient experience for our merchants to expand and hold funds in multiple currencies.

    Key features of the KES wallet

    • Wallet creation: You can now create a KES wallet on your dashboard in a minute.

    • Easy reconciliation: Navigate transactions and balances effortlessly. Reports are real-time and available on the dashboard.

    • Enhanced security measures: We've bolstered security protocols to ensure the safety of your funds within the KES wallet.

    • KES Payout: Introducing additional payout options for KES transactions, providing more flexibility and convenience.

    • Receipt: Transaction receipts are sent to the merchant’s email for easy reconciliation.

    What are the benefits of KES wallets?

    • Expand into Kenya and collect payments easily.

    • Wallet creation is free with zero transaction limits. 

    • Reduce cost and avoid unnecessary currency conversion fees.

    • Improve the shopping experience for Keyan customers.

    • Expanded customer base, increased sales, and scaled business beyond borders.

    How to create a KES wallet on Klasha

    • Visit dashboard.klasha.com

    • Click on Wallet from the side menu.

    • Click on Create new wallet on the screen that appears.

    • Select the wallet currency (KES).

    • Agree to the terms and conditions required to own a KES wallet on the Klasha dashboard.

    • Voila! Your KES wallet has been created.

    Payout to MPESA accounts with KES wallet

    The KES wallet also has a payout functionality that allows merchants on Klasha to send funds to Kenyan bank accounts and MPESA mobile money wallet accounts locally. With this feature, our merchants can grow their businesses and pay out locally in the KES Market.

    To use KES Payout;

    • Log into your Klasha dashboard

    • Click on the KES Wallet and select the CTA -Send

    • Enter the amount and click Continue

    • Enter the beneficiary details and select CTA-Continue

    • Review the details and click Continue

    • Authorise transaction by entering the OTP

    • Transaction will be sent successfully, and status will be updated.

    • Check the debit log to see the updated status of the transaction.