Remember M-Akiba, the government issued retail bond that could be bought for as low as ksh 3000 .Having been introduced early this year to allow Kenyans be able to buy bonds through the use of their mobile phones M-kiba has now partnered with Pesa Link allowing anyone signed up on the Pesa Link Platform to trade the bond from their mobile device using the platform.
Before the Pesa Link entry M-Akiba was only accessible via M-Pesa and Airtel Money platforms.But now anyone signed on the PesaLink service will enjoy higher transaction limits of up to Kshs 999,999 in the trade of the Bond.
This process will be using a Bank collection account under the Paybill number “889”.which is much simpler to remember than the 14 digit Bank account Number.
To purchase M-Akiba bond via PesaLink, individuals will be required to have registered on NSE MyTrade and follow the M-Akiba Bond Buy process as per the steps below:
- Login to your individual Bank channel.
- Navigate to PesaLink option.
- Select Send to phone.
- Type 889as the mobile number
- Enter Amount.
- Enter reason for payment (For M-Akiba Bond, customers will be required to insert their ID numbers).
confirmation of receipt will then take place
The money raised through M-Akiba bond will be used in funding infrastructural development projects run by the government