M-PESA meets debit cards
MOBILE| Feb. 9, 2011, 1:39 p.m.
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.
MORE MOBILE NEWS
Tigo explores options to give customers a greater choice for 4G services in GhanaFollowing her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa, has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers access to superior high speed internet services. Read More
Blogger Kamota Mayondi takes Huawei Y6 Pro for a spinHuawei has set its latest smartphone, the Y6 Pro on a photographic journey across the capital city to capture the energy of young residents in Lusaka. Read More
Huawei in #ThisIsBotswana CampaignHuawei has partnered with some of Botswana’s leading influencers under the #ThisIsBotswana social campaign that meshes the powerful world of social media with high quality smartphone photography. Read More
Airtel Ghana launches ‘Flex Awesome You’ talent huntAirtel has announced the launch of an exciting talent search and competition dubbed “Flex Awesome You” to unearth the next big star in Ghana at a press soiree at its Head Office in Accra. Read More
Tigo staff educate customers on new loyalty promotionThe management and staff of telecom company, Tigo, on Friday took time out to interact with customers about ‘Wo suro aaa wondi’. Read More
Tigo Pesa Customers Pocket Tshs. 5.6b in Ninth Quarterly Profit ShareTigo Tanzania has announced another quarterly payment of Tshs 5.6 billion (US$ 2,570,120) to Tigo Pesa users, the ninth time in a row that the telecom is distributing profit to its mobile financial services users. Read More
Visafone test-runs 4G LTE internet servicesVisafone has started the test-run of its Fourth Generation Long Term Evolution (4G LTE) internet technology service for smart phone users in Nigeria. Read More
Glo sustains lead in new internet subscribersGlobacom, Nigeria's data grandmasters, has again bested other operators to the top position in the segment of acquisition of new internet subscribers in the month of June. Read More
Glo offers new subscribers N42,000 value for N5,000 rechargeThe grandmasters of data, Globacom, has launched ‘Glo Jollific8,” a plan designed to give new prepaid customers eight times more value on every recharge made on its platform. Read More
African mobile subscriber numbers pass half a billionMore than half a billion people across Africa are now subscribed to mobile services as the continent continues to migrate rapidly to mobile broadband networks, reveals a new GSMA study. Read More
FEATURED STORYFinancial services sees AI as both opportunity and threat
Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.
BEST READ NEWS
IN DEPTHAccess and Use of ICT stats released
Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.
COMPANY NEWSTigo explores options to give customers a greater choice for 4G services in Ghana
Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa, has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers ...