Kenya’s largest mobile service provider, Safaricom, has launched the much anticipated M-Pesa payment cards which was unveiled during the announcement of the Safaricom FY Results, 2017.
The Safaricom smart card looks more like the Debit and Visa Cards but the functionalities are not the same . The card allows for payment of services and goods instantly. Dubbed M-Pesa 1 Tap, this payment solution package includes a Wrist band and NFC badge. First launched successfully as a Pilot in Nakuru, M-Pesa 1 Tap will be rolling out country-wide with about 500,000 point of sale (POS) payment points in bars and restaurants, retail shops, fuel stations, among others. This is going to change everything.
The M-PESA Card is linked to a user’s M-PESA account. Therefore, before using the M-PESA Card it is a user’s responsibility to ensure that they have sufficient funds in M-PESA account to cover transaction plus the costs of the transaction where applicable.
For a user to apply for the M-PESA smart Card, they must be at least 18 years old with either a National Identity Card or a Military ID or a valid Passport or alien ID and a registered M-PESA user. Reports also indicate that it is only available to individual M-PESA Customers and is not available to M-PESA Paybill or M-PESA Merchant Customers.