Visa has announced a strategic partnership with JamboPay that will enable more than 3,000JamboPay 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 utilities such as water, power, 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 directly 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 another key move as part of our strategy to expand merchant acceptance for 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 making everyday purchases such as buying groceries, getting a coffee, paying for parking, water bill, or securing government services online.”
“Each of JamboPay’s merchants will be provided with a QR code by their bank that customers can simply scan to make a payment directly from their bank account. Consumers can also make their payment using a USSD code giving them the ability to pay with a feature phone” he added.
JamboPay, founded in 2009, is a Kenyan based innovative electronic payments service that serves over 3,000 clients in Kenya, Uganda, Tanzania & Senegal and will soon be in Rwanda and Malawi. 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.
“We are very delighted about this partnership with VISA. It will provide our subscribers with a new channel for the JamboPay e-wallet top ups and payments for our clients that include; Java, SODEXO, Nairobi Water, Nairobi County Government, Trans-Nzoia County Government, NHIF, KASNEB, Uchumi, Kenya Buzz among others. We are certain this will result in increased revenues and better service delivery to our clients.” Said Danson Muchemi, the CEO and Founder of JamboPay.