April 30

Visa and Kenya’s Safaricom Partner on M-Pesa, Payments and Tech

By Jake Bright

Visa just connected to Africa’s most powerful mobile payments network. The global financial services company and Kenyan telecom Safaricom — operator of the M-Pesa mobile money product — announced a partnership today on payments and tech.

The arrangement opens to M-Pesa’s  own extensive financial services network in East Africa Visa’s global merchant and card network across 200 countries.

The two companies will also collaborate “on development of products that will support digital payments for M-Pesa customers,” according to a Safaricom  release. The partnership is still subject to regulatory approval.

Photo courtesy of Internews Europe.

Source: TechCrunch (link opens in a new window)

digital payments, fintech, mobile finance, telecommunications