Tag: Visa

Digital Technology: Cooperative Bank Kenya Opens the door to CoopVisaCard

Digital Technology: Cooperative Bank Kenya Opens the door to CoopVisaCard

Business, Technology
As technology develops, financial institutions as well improve their services to well cater for the ever-increasing customer demands. The Corporate Visa Card assists management of costs and cash flow more efficiently in anorganization. The new technology card can be given to Senior Management staff to carter for allowances, corporate travel expenses, entertainment, etc. It simplifies book-keeping procedures and reducing dependency on petty cash. The Visa technology facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards. It makes work easier for human as transaction work is reduced. Additionally, much has already been said about the opportunity for technology to disrupt the traditional banking system. The next ge
Visa launches mVisa in Kenya to compete with M-Pesa

Visa launches mVisa in Kenya to compete with M-Pesa

Business, Mobile
Visa has partnered with four banks in Kenya to launch an  Interoperable Mobile Payments Service to that will mount the first credible challenge to the country’s dominant Mpesa system. The mVisa service allows people to send money to each other’s accounts without first loading a digital wallet, as well as pay for goods and services without a point of sale machine regardless of which mobile provider is being used. The mVisa app will initially facilitate transactions for people with accounts at four banks, including KCB Group Ltd. and Co-operative Bank of Kenya Ltd., according to Visa Emerging Markets Senior Vice President Uttam Nayak. Visa, the world’s largest payment company, said mVisa should reduce the cost of remittances from overseas and, for businesses, automatically build up a l