Payments News


Safaricom is Working on M-PESA Visa Virtual Cards For International Payments

“As more and more people open themselves up to the idea of international business, there comes the need for a reliable payment platform that works well. Of course, PayPal, Skrill and other players are serving this need but more could be done. In Kenya, M-PESA is a household name when it comes to mobile payments and transactions in general. For a while now, there has been need to make M-PESA more compatible with global systems. Today, users of M-PESA can easily transact to and from PayPal. In a move that could be seen as the mobile money platform embracing international transactions fully, word now has it that Safaricom is planning to introduce Virtual Visa cards in a bid to enhance and enable seamless international payments. While announcing the telco’s Financial Year results, Safaricom CEO Peter Ndegwa revealed that the carrier will be launching M-PESA GlobalPay, an M-PESA service that will be powered by Visa Virtual Cards for international online payments.”