Safaricom and Visa have introduced the first M-Pesa GlobalPay Visa Virtual card. The new M-Pesa Visa virtual card opens global shopping for Kenyan consumers.
This will allow secure cashless payments at more than 100 million merchants in over 200 countries through Visa’s global network.
The M-Pesa GlobalPay virtual card enables you to make payments to International online merchants for goods and services using your card details. The card includes a 16-digit card number, expiry date (mm/yy) of the card and the security code.
The Virtual Visa card only maps your M-Pesa balance it does not store any money. It also has the same rules or limitations like your M-Pesa account.
The maximum amount per transaction is Sh. 150,000 and maximum amount per day is Sh. 300,000. The minimum amount will change based on the prevailing US Dollar – Kenya Shilling Exchange rate.
Safaricom and Visa Launch M-PESA GlobalPay Visa Virtual Card
You will not be charged to make payments for online purchases as there is no transaction cost. However, Safaricom will apply markup of 3.5% on the transaction value at the prevailing forex rate.
This will be based on the exchange rate of the billing currency (Ksh) to the currency used at the time of purchase.
The virtual card builds on M-Pesa’s security, by empowering customers to generate a unique CVV for a 30-minute period. Customers will key in their M-Pesa PIN each time they generate a CVV.
The CVV is a security feature that enables merchant sites to ensure you are the real owner of the card to reduce fraudulent activities. A CVV is generated by the customer during the payment process.
All CVV generated will only be valid for 30 This will prevent anyone who has your card details from using your card because they may have to generate CVV.
How to use this service
On M-Pesa APP:
- Log in to your M-Pesa
- Select Pay tab
- Select the GlobalPay tab, to activate your M-Pesa
- Select your card
- Enter PIN
- You will receive an SMS with the card number and expiry date.
You may also:
- Select the Grow
- Select the GlobalPay tab, to activate your M-Pesa
- Select your card
- Enter PIN
- You will receive an SMS with the card number and expiry
On M-Pesa USSD (*334#):
- Dial *334#
- Select Lipa na M-Pesa
- Select M-Pesa GlobalPay
- Accept terms and conditions
- Enter M-PESA PIN
- You will receive a 16-digit number in a flash This is your M-PESA GlobalPay Visa credential (PAN)
- You will also receive the validity period of the card in a separate flash (Expiry)
