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Youth Village Kenya > Blog > Business > Safaricom Unveils M-PESA Payment Card To Rival Visa And MasterCard
BusinessTechnology

Safaricom Unveils M-PESA Payment Card To Rival Visa And MasterCard

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Last updated: 2017/05/10 at 11:01 AM
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Safaricom project master-classed by then 2016, has finally seen the light at the end of the innovation tunnel. A swipe card, wrist band and an NFC badge.

The full skit launched today is geared towards ensuring the Safaricom and MPESA users have the best experience while transacting their money.

Lipa Na Mpesa will be a good target for Safaricom where the customers balance is supposed to read the same on the card, just as a master card and a visa card.

The project launched in Nakuru has been on piloting for close to 6 month of success.

Its lack of integration with master card and Visa has been viewed as a form of rivalry to spearhead their maximum gain in the market.

 

The product is currently being piloted in Nakuru, with merchant recruitment ongoing and the telco will look towards onboarding more merchants to the service.

How M-Pesa Tap & Go solution for Card, NFC & Wearable Devices works

The TAP AND GO NFC technology has been executed in 3 main means.

First, if a customer has an NFC enabled phone all they need to do is tap the phone on the POS type in their PIN and the payment will be made.

Second, if the customer does not have an NFC enabled device all they need to do is get an NFC STICKER that they can stick on the back of the phone, tap and enter the PIN to make payments.

Third, if customers can also opt for the Card the card is directly connected to the customers M-PESA account, customers can tap the card enter their PIN numbers to make payments.

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Editor May 10, 2017 May 10, 2017
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