Safaricom Launches New M-Pesa Payment Method.
Telecommunications firm Safaricom has launched a new M-Pesa payment method that will run under the Kenya Universal QR code.
With this launch, customers will now be able to make digital payments in an easy, fast, convenient, and secure manner using QR. The new method is also expected to eliminate the risk of sending money to the wrong recipients.
Speaking during the launch of the new M-Pesa payment method, Central Bank of Kenya Governor Dr. Patrick Njoroge said that the new method will greatly improve the time to complete transactions to just a few seconds.
“It will significantly ease the process of making payments in outlets with heavy foot traffic such as supermarkets,” said Njoroge.
Dr. Njoroge added that apart from Safaricom, KCB Bank, Equity Bank, and the Co-operative Bank had also deployed the new Kenya Universal QR Code.
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His sentiments were echoed by Michael Eganza, the Director Banking & Payment Services Department.
“The launch of Kenya QR Code Payment Standards is very important to both Kenyan consumers and merchants. This will ensure the process is seamless for customers and consumers,” said Eganza.