Visa Partners with JamboPay to Enable 1600 Merchants Receive mVisa Payments
Visa has announced a strategic partnership with JamboPay that will enable 1600 more merchants to accept mVisa payments, further enhancing mobile commerce in Kenya. Consumers will be able to use Visa’s convenient, secure and interoperable mobile payment solution at leading restaurants and supermarkets, and to pay for amenities such as water, as well as key services offered by county governments under JamboPay.
mVisa is a mobile payment solution, backed by Visa’s global payment network, which enables consumers to pay merchants or send money to friends and family direct from their bank account via their mobile banking app. mVisa also offers merchants of all sizes a cost-effective and secure way to accept electronic payments. Consumers can pay merchants by scanning a QR code on a smart phone or by entering a merchant number into a feature phone. The payment is pushed directly from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties.
“Visa’s partnership with JamboPay is key to the expansion of mVisa in Kenya, says Sunny Walia, General Manager, East Africa for Visa. Now, more consumers and merchants will experience the speed, convenience and security that mVisa brings when buying groceries, getting a coffee, paying their water bill or securing government services online.”
“Each of JamboPay’s merchants will be issued with a QR code that customers can simply scan to make a payment directly from their bank at no transaction cost. Consumers can also make their payment using a USSD code giving them the ability to send money anywhere that mVisa is accepted across the globe,” he added.
JamboPay, founded in 2009, is a Kenyan based innovative electronic payments service that serves over 1600 clients in Kenya, Uganda, Tanzania and Senegal. The growing company offers a wide range of services including e-government payments processing, e-bills payments, e-commerce payments processing, supply chain payments automation, retail payments and electronic funds disbursements.
Key Kenyan merchants that will now be able to accept mVisa payments through this partnership include Java, Nairobi Water, Nairobi County Government, MP Shah Hospital, Uchumi, Chandarana, Naivas and Kenya Buzz.