Here is a step to step guide on how to buy NSE Shares using Safaricom Bonga Points. Bonga Points is a loyalty scheme available to all Safaricom PrePay and PostPay customers. When you enrol with *126#, you immediately begin earning points.
The Bonga loyalty scheme was introduced in 2007 to reward customers for using Safaricom’s products and services. Customers accumulate a point for every Ksh10 spent on voice calls, SMS, or data.
Over the years, apart from redeeming Bonga points for airtime, minutes or data Safaricom has enhanced the Bonga scheme through ‘Jisort na Bonga,’ which empowers customers to redeem their points for phones and accessories at any Safaricom shop or dealer outlet, and the introduction of ‘Lipa Na Bonga’ in 2016 to enable customers to redeem their points and pay for goods and services at Lipa Na M-PESA merchants countrywide. Customers can also use their points to settle utility bills such as Home Fibre, PostPay, Kplc, GOtv and DStv as well as Nhif and Nssf dues.
Deepening this process, Safaricom partnered with Nairobi Securities Exchange (NSE) to enable Kenyans to invest in stocks using their accrued Bonga points. The service is available to all Safaricom customers, who can redeem their points through licensed Trading Participants. NCBA Capital, Faida Investment Bank, AIB-AXYS, ABC Capital, Old Mutual Securities, Kingdom Securities, Suntra Investments, Francis Drummond & Company, Dyer & Blair Investments and Sterling Capital Ltd are all activated on the platform.
How To Buy NSE Shares Using Safaricom Bonga Points
Customers redeem their points at a rate of Ksh 1 for every 5 points via the ‘Lipa Na Bonga’ menu on USSD *126# or MySafaricom App. To buy shares via USSD follow these steps,
- Dial *126# on your phone
- Select Lipa na Bonga Points
- Then Pay Bill
- Key in the Trading Participant’s paybill number
- Enter their CDSC (Central Depository and Settlement Corporation) account number followed by the amount and confirm
On MySafaricom App, you will be required to,
- Select Bonga Rewards
- Then Pay Bill
- Key in the Trading Participant’s paybill number
- Enter their CDSC account number followed by the amount
- Select the preferred pin to confirm
