NANYUKI, Kenya: Kenya's biggest telecoms operator Safaricom has launched a virtual payment card with Visa, offering the more than 30 million users of its M-Pesa payments system access to global e-commerce platforms.
M-Pesa, launched 15 years ago as one of the world's first mobile phone-based money transfer services, has evolved to account for roughly half of Safaricom's annual revenue. Through Visa's digital processing network its users will now get access to more than 100 million merchants across 200 countries.
M-Pesa has a single transaction limit of 150,000 shillings and a daily limit double that. Users will be able to use the virtual card while travelling abroad.
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