Safaricom’s M-Pesa, Visa offer virtual card for global transactions

NANYUKI — M-Pesa, the mobile phone-based African money transfer service owned by Kenya’s Safaricom Plc, and Visa Inc launched a virtual payment card on Thursday in a bid to capture some of the continent’s $40 billion-a-year subscriptions market. The M-Pesa Global Pay Visa Virtual card will allow users to securely pay 100 million foreign merchants [……
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