Mpesa takes on Banks with Mpesa Prepaid Card

 

lipa na mpesa cardToday, Mpesa announced it was piloting an Mpesa Payments Card, a  Lipa na Mpesa prepaid card. Mpesa card was inevitable, given the Kenyan local cards versus mobile payments turf wars pitting Kenyan Banks on one end vs Safaricom.

Techweez reported,

“The card, mirrors a user’s M-Pesa account, meaning whatever amounts are in your M-Pesa wallet are reflected in the card.”

 

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Overbanked in Nairobi

Here in Nairobi, I am have wide choice  of financial services and payments options. At any one moment in time, I have:

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The Curse of the Dollar, Why bitcoin matters for Africa

Commodity prices have dictated Africa’s fortunes for decades. Over the last 8 months, however, falling commodity prices have exposed the weakness of this model. I have always said, the peoples of Africa are best placed to benefit from an apolitical global currency like Bitcoin. [Read more…]