Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Business of Tech

Safaricom, Visa launch M-Pesa global pay virtual card

Article Image
Kenyan M-Pesa consumers can now have access to global shopping thanks to Safaricom and Visa launching the GlobalPay Visa virtual card.

The launch of the new M-Pesa Visa virtual card will allow secure cashless payments at merchant locations in over 200 countries through Visa’s global network.

“M-Pesa has over the past fifteen years evolved from a simple money transfer service to become a robust payment platform and driver of financial inclusion for Kenyans. This has paved the way for numerous innovative services, and by partnering with Visa to provide the M-Pesa GlobalPay Visa virtual card, we are looking to bridge the gap for our customers who would like to use M-Pesa anywhere across the world,” said Safaricom CEO Peter Ndegwa in a statement.

“Visa is committed to expanding the payments ecosystem across Africa by opening up the global marketplace for every single consumer. This partnership with Safaricom is an important step in helping to achieve this,” Visa East Africa general manager and vice president Corine Mbiaketcha added.

Safaricom’s core business grows

Safaricom continued the growth trajectory of its core business, with service revenue increasing by 12.3% year-over-year (YoY), to KES281 billion (US$2.4 billion). Mobile data revenue rose 8.1% while voice service revenue ticked up 0.8% YoY.

M-Pesa, which marked its 15th anniversary this year, hit the 30 million active customer mark in Kenya. M-Pesa revenue grew 30.3% to KES107.69 billion (US$927 million).

Related posts:

*Top image is of Safaricom PLC CEO Peter Ndegwa (Source: Safaricom ).

— Matshepo Sehloho, Associate Editor, Connecting Africa

Innovation hub

Story

Zoho eyes African expansion, adds second SA office

Indian multinational tech company, Zoho, is opening its second office in South Africa as it eyes further expansion in the Middle East and Africa.

Story

Hot startup of the month: Mauritius' Ojimah

This month's hot startup is a Mauritian multichannel digital platform, Ojimah, that is on a mission to streamline African travel.

More Innovation hub

Partner perspectives

All Partner Perspectives

Africa Tech Perspectives

Story

Women in Tech: Spotlight on inclusivity with Digital Council Africa's Juanita Clark

Digital Council Africa founder and CEO, Juanita Clark, talks to Connecting Africa as part of our Women's Month series about her career and what needs to be done to make the tech industry intentionally inclusive.

Story

Women in Tech: Spotlight on legal tech with Life.file's Sinal Govender

Life.file co-founder, Sinal Govender, talks to Connecting Africa as part of our Women's Month series about her career and how we can encourage more young girls to enter the legal tech field.

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

More AfricaCom perspectives

Latest video

More videos

Guest Perspectives

Story

Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

Story

Omdia View: June 2022

By Omdia Analysts

5G was the major news trend across Africa in June, as Orange became the first operator to launch 5G in Réunion and operators in Senegal accelerated their 5G plans despite spectrum delays.

More Guest Perspectives

Sponsored video

More videos

Flash poll

All polls

Like us on Facebook

Newsletter Sign Up


Sign Up