mVisa launched in Kenya to corner mobile payments market
Global payments company Visa, has today launched mVisa, a mobile payment service, in Kenya. The service will work on both smartphones and feature phones.
mVisa is basically payment service in the form of a bank funds transfer service through mobile and via the Visa network. This means that the person sending the money and the party receiving don’t need to share a bank.
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Visa has partnered with the following to roll out the new service
How mVisa works
Customers of participating will need to activate mVisa
Once activated, they will be able to access mVisa via their bank’s mobile app or via USSD.
mVisa customers will be able to send money to anyone using the service and also use it for payments.
For smartphone users, the merchant will provide a QR code that will have their payment details.
For feature phone users, the merchant will give them a number for them to use via USSD.
Visa has released an mVisa API to enable developers to create apps that accept mobile payments.