Visa announced that consumers of a Visa-led bank partnership in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa. mVisa is the cost-free, secure and convenient way to pay with your mobile phone.
The partnership offering free person-to-person (P2P) transactions currently includes nine Kenyan banks which have either enabled mVisa on their mobile banking applications and/or have acquired merchants to be able to accept mVisa. These are Barclays Bank, Cooperative Bank, Ecobank, Family Bank, KCB Bank, National Bank of Kenya, NIC Bank, Prime Bank, and Standard Chartered Bank. Other banks, either live or about to go live with mVisa, include Diamond Trust Bank and Stanbic.