How To Delete Mpesa Statement

M-Pesa payment service is useful in many ways. It helps you sell goods and services at the market or buy them at a discounted price. You can also transfer money to your friends or family members.
But then there are some downsides of using M-PESA. Aside from cost, you have to worry about the security of your account as well as the stability of your savings account. If you deposit cash into your savings account, it can be withdrawn by someone else without you knowing it. Undoubtedly, this is not a good thing for any saver. Fortunately, there are ways to avoid these risks and protect your money at all times. Read on for more information:

How To Protect Your M-PESA Account

For starters, you should use caution when transferring money to someone else’s M-PESA account. This is because every transaction will show up on the recipient’s balance and they can withdraw the money at any time. To avoid this issue, you can transfer the money to a different account or send it through a third party, such as a bank or mobile service provider.
Another way to protect your account is by using a PIN when logging in. The PIN will prevent anyone from accessing your account without your authorization. However, keep in mind that some people might steal your PIN too if they have access to your phone.
If you still want to use M-Pesa but are worried about security, then go for mobile banking services instead. With these providers, you need not worry about your safety or privacy as hackers would not be able to access and steal information from your bank account with just one login.

Deposit Cash into M-PESA Account

If you want to deposit cash into your M-Pesa account, you need to check the limits. These limits will differ depending on which type of M-Pesa account you have as well as where you are transferring from. For example, if you are transferring money from a bank account in Kenya, you can only deposit up to $500 per day. To be more specific, here is what the daily limit would be for other types of accounts:
For Instance, if someone were sending money from a UK bank account, they could deposit up to £24,000 per day.
After that amount is reached, your transaction will be denied by the bank and an error will pop up on your screen.
This information is important because it lets you know how much cash you can send at one time and in one day. If your balance drops below this value, the transaction won’t go through and there won’t be any fees charged by M-PESA or the receiving party’s bank.

Set Up your Savings Account As an Official Bank

Account
If you want to ensure the security of your savings account, you should set up your account as an official bank account. This means that you’ll be able to use your savings account to withdraw cash from your M-PESA wallet whenever you want. If this is not set up, anyone can withdraw cash from your savings account without you knowing it. To do this, simply go to one of the banks in Kenya and ask them how to set up an official bank account.

Use a VPN to Hide Your IP Address

When you connect to the internet, your IP address is revealed. This is information that hackers use to find out where you’re located and what you’re up to. With a VPN, however, your IP address is hidden from everyone else’s view. This can be useful in many ways. For example, if there’s a hacker on your network who has access to your personal information, he will not be able to recognize that you are using a VPN. You’ll still appear as an unknown presence when looking at his activities.
If M-PESA allows for traders in Kenya’s informal economy to manage their money through an agent or broker, it has also allowed them to establish businesses without fear of being searched by law enforcement agencies or the tax authorities. To avoid getting caught in this situation and having their businesses shut down without warning, they have resorted to using VPNs as well as other security measures like using prepaid accounts with multiple levels of secret passwords and PIN codes.

Keep your PIN Safe and Secure

First, you should always use a secure password for your account. You should also make sure that your phone is secured with a PIN. This way, if someone gets access to your phone and uses the password to log into your account, you’ll know it’s not safe.
If M-Pesa is such a valuable service, it makes sense to take security seriously.

Don’t Receive unexpected SMS or Calls From Unknown Numbers

One of the best ways to avoid a scam is to not receive unexpected SMS or calls from numbers you don’t recognize. We all get strange texts and calls from unrecognizable numbers, but these are often scams.
According to the National Crime Prevention Center (NCPC), scammers will use popular phone numbers such as 555, 888 and 567 when they want to get into your account.

Conclusion

The average Mpesa user has no clue how to protect their Mpesa account. So, here’s a step-by-step guide on how to secure your Mpesa account from hackers.
1. How To Protect Your M-PESA Account
2. Deposit Cash into M-PESA Account
3. Set Up your Savings Account As an Official Bank
4. Use a VPN to Hide Your IP Address
5. Keep your PIN Safe and Secure

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