NAIROBI, Kenya, Dec 19 – Safaricom will now be able to issue virtual cards to enable tap-to-pay global payments for partners such as Google, Uber, and Microsoft, among other partners.
The telco has been accredited with the Payment Card Industry Data Security Standard (PCI DSS) Certification, a worldwide standard of data security for businesses that process card transactions.
The approval means the company can begin to offee various solutions, including tap-to pay as well as allow merchants to receive on-line and in-person card payments from our customers.
Fintechs and financial institutions are equally set to leverage the card processing capabilities, empowering them to provide end-to-end mobile and card payment solutions.
“As we navigate the digital landscape, security remains at the heart of everything we do,” said Peter Ndegwa, Safaricom CEO.
“This certification for M-PESA is a recognition of our dedication to safeguarding financial transactions of our customers,” he added.
With the certification, Safaricom joins a few institutions in Africa that can create a regional payment switch system while safeguarding customer, merchant, and partner payment data.
The company can now enhance API capability to grow developers on the M-Pesa platform to provide enhanced services and expand the portfolio of mobile money services and payment solutions.
“With this development, our customers can rest assured that our processes ensure that their data is protected at all times. It also means that our partners can access more innovative and secure solutions for their clientele,” said Ndegwa.
The Payment Card Industry Data Security Standard is a globally recognised standard that offers a comprehensive framework to safeguard sensitive customer information during transactions.
It ensures robust controls and security measures are in place to protect against data breaches, fraud, and unauthorised access.
