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Safaricom rivals electronic card industry with new payments card

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Local telco company, Safaricom has unveiled M-Pesa 1 Tap solution, a go payment method that seeks to improve the monetary settlement of services and products for M-Pesa customers.

The Payments are done using Card, Wrist Band and Near Field Communication (NFC) Badge. The move seeks to complement its array of services that are M-Pesa based, including, M-Shwari, mySafaricom App and Lipa Na M-Pesa

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The first commercial roll-out of the payment solution has been launched in Nakuru after a successful pilot phase which has been ongoing for the last 6 months. As of this week, more than 13,000 customers and 900 merchants in Nakuru had registered for the service.

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Safaricom targets 500,000 point of sale (POS) payment points across Kenya including bars and restaurants, retail shops, fuel stations, among others.

Its worth noting that consumers that buy goods using the service won’t be charged, with the exception of petrol station tariffs.

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