Visa Collaborates With Kenya’s Safaricom On M-Pesa, Payments, And Tech
Visa has officially collaborated with Kenya’s telecom, Safaricom. Visa will now be linked to their mobile money network.
With this collaboration, Visa will open up its global merchant and card network across 200 countries to M-Pesa’s financial services in East Africa.
The partnership will also aim at the development of products that will help digital payments for M-Pesa customers.
Safaricom’s M-Pesa app is the most recognized fintech product in Africa and has become a worldwide case study in using mobile money to improve financial inclusion.
Kenya has one of the highest mobile-money adoption rates in the world. This is largely due to the dominance of M-Pesa in the country, which stands as Africa’s 6th highest economy.