The partnership that aims to offer free person-to-person transactions includes nine Kenyan banks that have enabled mVisa on their mobile banking applications and/or have acquired merchants that accept the service. These banks are: Barclays Bank, Cooperative Bank, Ecobank, Family Bank, KCB Bank, National Bank of Kenya, NIC Bank, Prime Bank and Standard Chartered Bank.
Consumers can use the service to send funds directly from their bank to a recipients bank account, regardless of whether they use a smartphone or feature phone. Transactions are processed via VisaNet.
The service will also be accepted at thousands of merchant locations across the country including Nakumatt, KenolKobil, IMAX Theaters, EatOut, Zucchini, Little Cab, Kenya Airways, and Bata, according to Mobile Payment Today.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now