Safaricom, a leading telecommunications company in Kenya, has introduced a new payment method that uses a QR code to provide a secure and seamless digital payment solution. The company has partnered with local payment service providers, banks, and card schemes to bring this service to its customers. By scanning the QR code before making a payment, customers can reduce the risk of sending money to the wrong number.
The introduction of the national QR code payment solution is a significant step towards achieving a financially inclusive ecosystem. This move aligns with the company’s vision to offer a seamless and secure payment experience to its customers. Through partnerships with various stakeholders in the financial industry, Safaricom hopes to enhance its digital payment platform and promote financial inclusion in Kenya.
The launch of the Kenya QR Code Payment Standards has also been welcomed by the Central Bank of Kenya. Michael Eganza, the director banking & payment services department at the Central Bank of Kenya, highlighted the importance of this initiative in ensuring a seamless payment process for both consumers and merchants. With this payment solution, customers will no longer have to worry about the hassle of entering payment details or the risk of paying the wrong person.
Safaricom’s introduction of a national QR code payment solution is a significant milestone towards achieving a financially inclusive ecosystem in Kenya. By partnering with various stakeholders in the financial industry, the company hopes to provide a seamless and secure payment experience to its customers. The launch of the Kenya QR Code Payment Standards is also expected to benefit both consumers and merchants by simplifying the payment process.