Visa has launched its mVisa QR code-based mobile payment service in Kenya with Co-Operative Bank, Family Bank, KCB and NIC Bank. “With mVisa, consumers can directly access all of the funds in their bank accounts to pay merchants or individuals,” Visa says. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to offer the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016. It is due to arrive in Nigeria by the end of this year.
- Mobile payments market worth £3,338bn by 2022
- Apple Pay offers Chinese New Year discounts
- Facebook gets Spanish e-money licence
- One in 10 UK consumers have used mobile payments, survey reveals
- 25% of UK card payments now contactless