Safaricom plans to launch M-Pesa GlobalPay powered by Visa Virtual Cards for international online payments.
The telco’s chief executive Peter Ndegwa said it is targeting to issue the cards in the year.
“With support from our regional regulators and partners, we are working together to deliver innovative products in a new year such as Visa Virtual Card by M-PESA GlobalPay to support international online payments,” says CEO Peter Ndegwa.
M-PESA GlobalPay cards would enable its customers to transact at all merchants accepting payments through cards.
M-PESA, which marked its 15th anniversary in 2022, hit the 30 million active customer mark in Kenya. A significant sign of M-PESA’s progress was the 63.4% growth of Lipa Na M-PESA merchants to just below 500,000.
M-PESA now has over 3.2 million businesses accepting payments under its portfolio, while the M-PESA business app has about 100,000 active businesses.
“With the new business strategy and the renewed focus on the customer, Safaricom, in the new Financial Year, plans to accelerate new growth areas, delivering superior customer experience in order to be a purpose-led Technology Company by the end of 2025,” the telco said in a statement after the announcement of its Full Year 2021/2022 results.