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Monday, July 11, 2016

SAFARICOM PILOTS MPESA CARD WITH STAFF

Listed telco Safaricom is said to have piloted its LIPA NA MPESA (PAY WITH MPESA) card with it staff as it prepares to launch it to the public.

The card is to be used at merchants for purchase of goods and services and will have its own Point of Sale System, the machines used to swipe popular payments cards.

This is likely to launch an intense battle for the local payment market which has recently seen fast rising uptake of Visa card services particularly at petrol stations and bars and eateries.

However, the move by Safaricom to introduce this card, which it has previously sought to bring to the market, is seen by some as being more of a reaction to plans by local banks to introduce a interbank switch allowing cash transfers within the banking system without going through MPESA.

However, that threat was significantly hobbled when the two largest banks in Kenya, KCB and Equity Groups, instituted demands before signing onto the switch including the fact that the switch would not allow merchant banking.

This means it cannot be used for payment of goods and services like MPESA.


6 comments:

  1. Replies
    1. The card has NFC. You simply tap and go

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  2. Why again the use of physical cards yet cards are being replaced with phone apps and use of NFC?

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    Replies
    1. Cards are still easier to carry on you. Simply slot it into your wallet.Safaricom card is NFC enabled and doesn't run out of battery unlike a phone.

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  3. This comment has been removed by the author.

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  4. Good move bt will the pdqs used be given for free or cards for free

    ReplyDelete