Visa Begins Mobile-Money Service to Rival Safaricom’s M-Pesa

  • Four banks including KCB Group sign up for payments phone app
  • Company plans to roll out mVisa in Nigeria before year-end

Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.

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