Single M-Pesa Paybill Boosts Non-Tax Revenue by 10%
In a move heralded as a triumph for digital efficiency, the Kenyan government's shift to a single M-Pesa Paybill number for all non-tax revenue collection has yielded a 10% increase in revenue, translating to an impressive Sh92.8 billion collected so far. This comes just four months after the directive issued in August requiring all ministries, counties, departments, and agencies to migrate to the centralized platform, Paybill number 222222, and to shutter all other payment channels within 30 days.
"The results speak for themselves," declared Cabinet Secretary for Finance Mr. Ukur Yatani. "The consolidation of non-tax revenue collection onto a single, transparent platform has not only streamlined the process for users but also plugged leakages and boosted efficiency, leading to this significant revenue increase."
The move, championed by President William Ruto, aimed to tackle concerns about fragmentation and lack of accountability in government revenue collection. With multiple agencies using distinct Paybill numbers, tracking and reconciling payments presented a logistical challenge, creating fertile ground for potential mismanagement.
"Prior to this, we had a situation where you had to navigate a confusing maze of different Paybill numbers depending on the service you needed," acknowledged Ms. Jane Wairimu, a resident of Nairobi. "Now, it's much simpler and more convenient. I don't have to guess which number to use, and I can easily track my payments."
Analysts predict the upward trend to continue as further integration with government systems and wider public adoption take root. However, they caution against complacency, urging the government to prioritize robust cybersecurity measures and data protection protocols to safeguard the sensitive financial information being funneled through the platform.
The success of this initiative underscores the potential of digital solutions to enhance transparency, accountability, and efficiency in government operations. As Kenya pushes forward with its digital transformation agenda, the consolidated Paybill platform serves as a promising model for streamlining revenue collection and boosting public trust in its financial systems.
Labels: Kenya Revenue Authority, KRA, MPESA, Paybill Number, Single
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