Visa Launches mVisa: A New Mobile Payment Service to Take on M-Pesa

Payments heavyweight Visa has just launched a mobile payments solution in a bid to shake up the competition in the profitable money transfer industry, which is currently dominated by Safaricomm’s M-Pesa. The solution, called mVisa, is a new mobile payment service that will accelerate digital commerce in Kenya and across Africa. Visa has partnered with four banks – Co-Operative Bank, Family Bank, KCB, and NIC Bank – as part of its initial rollout.

With this new solution, users c ...

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