M-Pesa or bank account? How to choose for your group
M-Pesa is fast. Banks are formal. Most chamas need both — here is how to balance them.
T
Team
26 April 2026 · 4 min read
Most groups end up using both M-Pesa and a bank account. The trick is knowing what each is good for.
M-Pesa wins on speed and reach — almost every member has it. Banks win on formality, audit trail, and integration with loans.
A simple rule: contributions and small reimbursements via M-Pesa, loans and dividends via bank.
#mpesa
#banking
#kenya