Visa Kenya aims to make debit cards obsolete through the new mVisa service
Kenya is known to be the tech hub for East and Central Africa. With innovative ideas from Safaricom and of course, the guys at iHub, we’ve seen ground breaking tech taking up global space. Last week, Visa Kenya launched the mVisa service. In this case, “m” stands for mobile-like mPesa and Visa is of course, Visa. Without googling it, you’d immediately know that mVisa is a platform that uses mobile technology to access Visa services. With mVisa, consumers can make cardless purchases, pay bills and send money to friends and family members. They can also make deposits and withdrawals at agent locations.
Cooperative Bank has embraced this new service by having the Coop mVisa as part of their mobile money division. Coop account holders simply need to update their Mcoop Cash app and they’ll have the new option of transacting via Coop mVisa. If you’re using the immortal kabambe, you can also access these services by simply dialing *667# and following the prompts. With all said and done, what do you think about this new service? Will you be bold enough to have a go at it?