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M-Pesa taps into card payments, challenging cash dominance

Brian Murimi by Brian Murimi
December 18, 2023
in News
Reading Time: 1 min read

M-Pesa has announced new payment capabilities aimed at expanding convenience for its millions of customers across the continent.

“In line with our purpose of transforming lives, we are innovating our payment solutions to provide customers and businesses with more options and additional convenience,” M-Pesa said in a series of tweets.

The company achieved PCI DSS compliance, building on its strategic partnership with Visa to enable tap-to-pay card payments.

This will empower over 60 million M-Pesa customers and 5 million businesses to receive mobile, online and in-person card payments globally, M-Pesa said.

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“This will empower them to receive mobile payments, online and in-person card payments from any customer across the world,” M-Pesa tweeted.

The mobile money service will also launch a solution for tourists to pair Visa cards with M-Pesa accounts for “seamless payments” at nearly 1 million businesses that accept M-Pesa, the company said.

Additionally, financial companies will be able to leverage M-Pesa’s card processing capabilities to provide “end-to-end mobile and card payment solutions,” according to the tweets.

M-Pesa currently partners with Visa to offer virtual payment cards to tens of millions of customers and merchants in Africa.

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Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

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