Kenya’s Digital Payment Revolution: PesaFlow Partners with Visa
In an exciting development for Kenya’s digital payment landscape, PesaFlow, a leading FinTech firm, has announced a strategic partnership with Visa, a global leader in digital payments. This alliance aims to revolutionise digital government ecosystems in Kenya while promoting financial inclusion and transparency. Let’s delve into the details of this groundbreaking partnership and its potential impact on Kenya’s public sector and citizens.
The PesaFlow–Visapartnership is poised to create user-friendly digital payment platforms seamlessly integrating virtual and digital cards and secure gateway services. These platforms are designed to ensure transparent and secure transactions while prioritising financial inclusion. By simplifying and enhancing digital payment methods, the partnership seeks to make digital payments accessible, secure, and efficient for the public sector and citizens accessing government services.
Visa’s Commitment to Kenya: A Quote from Eva Ngigi-Sarwari
Eva Ngigi-Sarwari, Senior Business Leader & Country Manager at Visa Kenya, expressed her excitement about the partnership. She stated, “We’re delighted to announce Visa’s strategic partnership with PesaFlow, a pioneering fintech firm offering innovative digital payment solutions. Together, we aim to revolutionise the landscape of digital payments within the public sector, ensuring accessibility, security, and efficiency.”
PesaFlow’s platform, which provides access to over 5,000 solutions from multiple Ministries, Counties, Departments, and Agencies within the Kenyan government, is expected to play a pivotal role in this collaboration.PesaFlow, a subsidiary of Value 8 Group of companies, offers a secure range of solutions to Kenyan customers, facilitating the collection of transactions from the public. It is associated with Webmasters Kenya, which is also a subsidiary of Value 8 Group.
Optimising Public Products and Encouraging Financial Inclusion
The partnership’s core objective is to optimise and enhance public products’ effectiveness, transparency, and inclusivity while encouraging financial inclusion. By leveraging Visa’s global network and robust security infrastructure, PesaFlow aims to simplify and modernise government tools and integrate Visa products seamlessly.
Revolutionising Tax Collection and Financial Management
The Visa Government Solutions team will work closely with PesaFlow to digitise government tools and offer various payment methods to citizens. This includes streamlining how the government collects taxes, which could substantially impact businesses, financial management, and cost savings within the public sector.
Visa’s Global Vision: Innovations in Digital Payments
Visa’s recent strategic developments also underscore the company’s commitment to enhancing digital payments worldwide. In early 2023, Visapartnered withBrightwell to enable payouts to bank accounts and wallets globally through Visa Direct. This initiative aimed to provide quick and secure access to funds for more customers, promoting financial inclusivity.
Earlier the same month, Visa announced its acquisition of Pismo, a global cloud-native issuer processing and core banking platform. This strategic move allowed Visa to offer core banking and card-issuer processing capabilities across various tools through cloud-native APIs. Moreover, Pismo’s platform was expected to enable Visa to provide support and connectivity for emerging payment schemes and real-time payment networks for financial institution users.
A Vision for Kenya: PesaFlow and Visa Together
In conclusion, the PesaFlow–Visapartnership represents a transformative step forward in Kenya’s digital payment landscape. By combining PesaFlow’s innovative solutions with Visa’s global reach and security infrastructure, this collaboration promises to bring about more accessible, secure, and efficient digital payments within the public sector and beyond. It underlines their commitment to driving financial inclusion and revolutionising how transactions are managed in Kenya’s public sphere. As Visa continues to innovate and expand its services worldwide, Kenya can look forward to a brighter future of digital payments and financial inclusivity.
Update: 24th Jan (11:00am GMT)
Note: PesaFlow is a subsidiary of Value 8 Group of companies, and it shares an affiliation with Webmasters Kenya, which is also under the Value 8 Group umbrella.
