In a partnership between Safaricom and Nairobi Securities Exchange (NSE), Safaricom users can use their Bonga Points to invest in stocks at the NSE. This partnership seeks to give Safaricom users and retail investors more value and utility for their Bonga Points while creating more avenues to paricipate in the NSE and drive economic empowerment. Users accumulate a point for every Ksh 10 spent on voice, data, SMS and M-Pesa charges, and can redeem their Bonga Points through licensed trading participants. Safaricom users can redeem their points at a rate of Ksh 1 for every 5 points.
Here is how to use Bonga Points to buy shares.
1. USSD
To buy shares using Bonga points via USSD code, follow these steps.
- Dial *126#
- Go to “Lipa Na Bonga Points”.
- Select “Pay Bill”.
- Key in the Trading Participant’s Pay Bill Number.
- Then enter your CDSC (Central Depository and Settlement Corporation) as the Account Number.
- Then enter the amount you want to deposit to your CDSC account.
2. MySafaricom app
To buy shares using Bonga points via MySafaricom app, follow these steps.
- Open MySafaricom app:
- If you don’t have the app, download it from Play Store or App Store.
- Once you have downloaded it, open the app and enter your phone number to generate a One Time Password (OTP) that will be sent as an SMS and you will use to log into the app.
- Tap “Account”.
- Select “Bonga”.
- Choose “Lipa na Bonga Points”.
- Select Pay to “Paybill Number”.
- Key in the Trading Participant’s PayBill Number.
- Then enter your CDSC (Central Depository and Settlement Corporation) as the Account Number.
- Then enter the amount you want to deposit to your CDSC account.
- Enter your PIN and tap “Continue”.
