M-PESA meets debit cards

MOBILE

|
Image: Bob Collymore, Safaricom CEO. By Safaricom
Bob Collymore, Safaricom CEO

Safaricom has launched a new service that allows M-PESA customers to transfer money from their accounts to a Visa Pre-Paid card.

This follows a partnership between Safaricom and I& M Bank signed at Safaricom headquarters this week.

Under the agreement, M-PESA users will now be able to transfer their M-PESA to the M-PESA PrePay Safari Card, which is a international Visa card co-branded by I& M Bank.

The M-PESA PrePay Safari Card comes as a major boost in the push to broaden M-PESA services from a money transfer to a total mobile commerce solution.

The new service allows users to load the M-PESA PrePay Safari Card via their mobile phones, which in turn allows M-PESA subscribers to shop online, pay for hotel accommodation both locally and internationally, and purchase goods and services at over tens of millions of merchant outlets worldwide.

The card can be loaded through M-PESA in Kenya for a subscriber who has travelled internationally and M-PESA customers will also be able to use the card to withdraw cash from over 1.7 million ATMs both locally and internationally.

Safaricom CEO Bob Collymore said M-PESA had become a preferred payment mode acceptable to many Kenyans and several businesses due to its inherent simplicity, safety and convenience.  

“ The fact that individuals or businesses do not need to incur heavy capital expenditure setting up infrastructure to tap into the business opportunity introduced by M-PESA has been a major accelerator for growth. This development is key for us as it marks a linkage between M-PESA and the world’ s biggest payment card network, further underlining the service’ s growth from mobile money transfer to a veritable m-commerce solution.”

Collymore said Safaricom would continue exploring innovative means to expand M-PESA’ s reach and menu of services. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE MOBILE NEWS

Lenovo reduces smartphone prices, unveils YOGA series laptops

Lenovo has reduced the prices of its P70 and A5000 smartphones in Nigeria, in a drive to deliver rich mobile experiences and superior smartphone technology to more Nigerians.  Read More

MTN Ghana wins award in procurement and supply management

MTN Ghana has received an award from the Chartered Institute of Purchasing & Supply (CIPS) for being the most innovative in the use of technology in procurement and supply.  Read More

Samsung unveils Galaxy J7 and Galaxy J5 LTE in Kenya

Samsung Electronics on Thursday launched its 4G enabled Galaxy J5 and Galaxy J7 mid-range smartphones that will enable users get the most of their mobile experience. Read More

Glo offers Wi-Fi roaming in 42 countries

Globacom Nigeria has unveiled Wi-Fi Roaming to give its teeming subscribers seamless internet connectivity when they travel to 42 countries. Read More

Student, others now landlords in MTN Trutalk promo

More lucky winners have emerged in the MTN Trutalk Best 11 Promo. At the final prize presentation ceremony held in Victoria Island, Lagos, at the weekend, some lucky winners were presented with gift of houses worth N15million each. Read More

Airtel, Ericsson extend partnership with LTE deployment in Gabon

Airtel Gabon has partnered with Ericsson for the deployment of next generation LTE technology and mobile network transformation.  Read More

Afmobi promises Nigerians jobs with offline platform

A team of experts at Afmobi Nigeria have designed a wireless platform that will create jobs or make Nigerians entrepreneurs through a plethora of fun apps, games, movie, music, pictures and business content hosted on a ‘magical fun box’ called Palmplay offline TM. Read More

The hospital of tomorrow uses mobile

Aruba Networks discusses how mobile technology is creating a radical shift in the future of healthcare. Read More

MNOs prefer paying fines to compliance, says NCC

The NCC has expressed disgust at the attitude of mobile network operators (MNOs) in Nigeria when it comes to compliance.    Read More

Safaricom announces new suite of data products

Safaricom has announced a suite of new data products that will offer its subscribers access to faster data more conveniently. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Young innovators shine during pitch sessionsYoung innovators shine during pitch sessions

Botswana saw an array of upcoming tech wizards selling their ideas during the Vendors’ Day pitch sessions this week.

IN DEPTH

High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.