M-PESA is massive in Kenya and for many people, is the primary mode of payment and transaction. However, the versatility of this platform seems to be a little limited when it comes to international money transfers and payments.
Of course, Safaricom has tried to integrate services
like PayPal and MoneyGram but
for the most part, the platform only reigns supreme in Kenya. Not too long ago,
we saw reports that Safaricom was looking to expand the reach of M-PESA
by dipping its toes into the whole Virtual Visa cards space.
Well, today, this service is live and the millions of M-PESA
customers can now create virtual VISA Cards and use them to perform payments
online. In this post, we quickly guide you through the process of setting this
up.
How to Create M-PESA Virtual Visa Card
To get yourself a virtual GlobalPay card, follow these
simple steps.
- Install M-PESA
app from your Play Store or App
Store.
- Open the app and go to the “Grow” tab
- Click
“GlobalPay” and Opt-in.
- You
will receive an SMS from ‘Globalpay’ notifying you about the successful
opt-in.
- You
will then need to customize your card color and image
- After customizing how it looks, you get to create the Card.
- You
will receive an SMS with your card number and its expiry
date. Keep these safe.
- From
the app you will be able to see card number details and the dynamic
CVV.
Should you not want to use the app, you can access this
service via USSD when you dial *344# and
access Lipa na M-Pesa, the Global Pay option.
These M-PESA Virtual Visa Cards are an extension of your
M-PESA account and are subject to M-PESA’s limitations in terms of amount
transactions, balance limits, and so on. For instance, you can only transact a
maximum of Ksh 150,000 and the maximum amount you can transfer in a day is
capped at Ksh 300,000, just like M-PESA.
Across the border, Ugandans have been enjoying virtual cards
on their major carriers, MTN and Airtel for years now in form of the MoMo Card
and Airtel’s Virtual Mastercard. It is refreshing to see Kenya joining this league.
Before this, Kenyans had to resort to using apps like Eversend, Chipper Cash, and Flutterwave to get virtual Mastercard and Visa cards to pay for their subscriptions or pay for goods and services online. This first-party solution is a welcome addition and should make OTT services like Netflix and others a lot more attainable.