Safaricom and Visa have announced a new partnership by developing products to support digital payments for M-PESA customers.
The partnership will cover more than 24 million M-PESA customers, over 173,000 Lipa Na M-PESA merchants from Safaricom and 61 million merchant locations throughout Visa’s global network.
“We are delighted to partner with Visa in exploring products that will support both our customers and Lipa Na M-PESA merchants. This partnership will play an important role in delivering even more value to our customers, linking them to even more opportunities especially in global e-commerce,” said Peter Ndegwa, CEO, Safaricom.
“We are very excited to work with Safaricom and leverage our combined assets to broaden our offering to a larger number of merchants and consumers especially as governments and communities are increasingly focused on cashless and remote payments. We envision that our combined efforts in enabling seamless and interoperable financial services and products will eventually drive much desired financial inclusion in our communities,” said Corine Mbiaketcha, Vice President and General Manager for Visa in East Africa.