5th-Feb-2026 • Faith Chebet • Business Payments Plaftorms
Small and Medium Enterprises (SMEs) in Kenya are the backbone of the economy. However, managing business transactions can be challenging due to limited resources and outdated methods. Luckily, digital solutions have made significant strides, especially in the payments sector. This article highlights top payment platforms that SMEs in Kenya can leverage to streamline their financial operations.
Lipabiz is a comprehensive business management platform offering integrated solutions for invoicing, expense tracking, and payments. By automating these processes, SMEs can save time and reduce errors, ultimately boosting productivity. With over 50,000 businesses utilizing the Lipabiz platform in Kenya, it's an ideal choice for small business owners.
M-PESA is a mobile money transfer service that revolutionized financial services in Kenya. It allows users to send and receive money, pay bills, buy goods, and even access loans. According to a report by the Central Bank of Kenya, M-PESA processed over 1.4 billion transactions worth KES 3.2 trillion in 2020. This platform is essential for SMEs as it provides convenience, security, and flexibility.
PayPal is a global online payments system that enables businesses to accept payments from customers worldwide. It's an excellent choice for SMEs aiming to expand their customer base beyond Kenya. With over 300 million active accounts, PayPal offers a secure and reliable platform for business transactions.
Stripe is an online payment processing platform designed for e-commerce businesses. It provides tools to manage subscriptions, invoices, and payouts. With Stripe's integration into various popular platforms like Shopify and WooCommerce, SMEs can effortlessly accept payments from their customers without needing extensive technical knowledge.
iPesa is a digital payment solution that focuses on the East African market. It offers services such as mobile money transfers, bill payments, and merchant solutions. By partnering with multiple mobile network operators in Kenya, iPesa ensures widespread coverage for its users.
