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

Ghana Telecom Awards confirm Vodafone Ghana leader in mobile internet

Industry players and analysts at this year’s Ghana Telecom Awards were not surprised when Vodafone Ghana was adjudged the ‘Mobile Broadband Provider of the Year’. Read More

The transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye. Read More

TNS, Kantar Media in strategic mobile research partnership with GeoPoll in Africa

Global research consultancy TNS has announced an exclusive partnership with GeoPoll to deploy a new range of research products and services intended to improve market research in Africa. Read More

5th edition of Tigo Ghana Meets Naija launched

The biggest musical concert on the events calendar, Ghana Meets Naija, returns in its fifth year, with an even bigger and more exciting package for music fans in both Ghana and Nigeria. Read More

Tigo launches bid to become biggest 4G network in Tanzania

Tigo Tanzania has launched a brand new 4G LTE technology, which it says will make it the biggest and fastest Internet network in the country. Read More

Tigo Big Six - data liberation for Ghanaian subscribers

Tigo’s Unlimited (Tigo Big Six) package gives real freedom to new customers to enjoy extended internet access.   Read More

Mobile Africa 2015: African phone use decoded

A survey of mobile phone usage in five African countries has delivered startling findings on the rise of Internet access via phones, the potential demise of Nokia and the continued appeal of BlackBerry. Read More

President Jonathan commends operators on National Mobile Health Insurance collaboration

Nigerian President Goodluck Jonathan has commended telecoms operators for their collaborative efforts in putting Nigerians on the National Mobile Health Insurance programme platform. Read More

Vodafone Ghana Fixed Broadband customers get bundle extension

Vodafone Ghana says it will soon be offering a one-week validity extension to all fixed broadband users in the country.  Read More

Airtel, UNAIDS partner

The Chief Executive Officer, Airtel Nigeria, Segun Ogunsanya, has explained that the partnership of the telco with the Joint United Nations Programme on HIV/AIDS (UNAIDS) will allow ample opportunity to further promote its Touching Lives initiative aimed at positively impacting on Nigerians, especially in the area of quality healthcare ... Read More

PRESS OFFICES

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

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.