A few weeks ago, Techspace Africa reported that Safaricom was working on a VISA virtual card by M-PESA GlobalPay to support international online payments as the telco seeks to further deepen its hold on mobile payments among Kenyans.
Safaricom has today launched the card which will enable its customers to pay for products using M-Pesa when in other parts of the world, whether its e-commerce payments such as Amazon or entertainment subscriptions like Netflix.
Unlike conventional VISA cards, the CVV number at the back of the card changes every 30 minutes. Safaricom calls this the dynamic CVV. This is an extra layer of security you didn’t know you needed.
How to Get the New Virtual M-Pesa Visa Card
- Head over to the play store and download the M-Pesa App if you haven’t already
- Log in and click on the “Grow button” at the bottom right
- Select the highlighted “Global Pay Mini program”
- Tap on “opt-in”. you will receive a notification confirmation.
- You can then customize your card with a few select colors or images that represent the Kenyan landscapes and wildlife.
- You will then receive a prompt with your card number and its expiry date.
How to load and use the New M-Pesa Visa Card
As soon as you create the card, it uses your normal mobile wallet and is not a standalone mobile wallet, this means using the card will have money deducted from your main M-Pesa balance.
This also means that the same rules and limitations as your M-Pesa account apply. These are in terms of daily limits etc.
However, unlike M-Pesa payment options like Lipa na M-Pesa, Techish notes that you will be charged a 3.5pc forex fee markup. “Safaricom says you will get a breakdown of your transaction and charges after using the card on any platform.”