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Visa mobile money service to compete with M-Pesa

Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The mVisa app will initially facilitate transactions for people with accounts at four banks, including KCB Group and Co-operative Bank of Kenya, according to Visa Emerging Markets Senior Vice President Uttam [...]

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