TRY FOR FREE

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 ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED