M-PESA GlobalPay 2024: Registration, Activation, key features and Transaction Charges

In today's Kenya, where you and I live, we can agree that our digital landscape is fast evolving, and thus convenience and accessibility are essential for everything in the ecosystem. M-PESA, Kenya's revolutionary mobile money platform, has enhanced user experience by introducing the M-PESA GlobalPay Virtual VISA Card. This partnership between M-PESA and VISA opens up new horizons, allowing you to make international online payments for goods and services seamlessly. This comprehensive guide takes you through registering, activating, and using your M-PESA GlobalPay account while diving into transaction charges, key features, and more.

M-PESA GlobalPay Unveiled

M-PESA GlobalPay Virtual VISA Card bridges the gap between local and international transactions. While M-PESA has long been a dominant force within Kenya for domestic transactions, it was limited globally. Recognizing this gap, Safaricom has joined forces with VISA to bring you the M-PESA GlobalPay Virtual VISA Card – your passport to international online shopping.

Registering and Activating Your M-PESA GlobalPay Account

Activating your M-PESA GlobalPay account is a straightforward process that empowers you to access a world of international shopping from the comfort of your smartphone.

Via M-PESA USSD (334#):

a)Dial *334#

b)Select Lipa na M-PESA

c)Select M-PESA GlobalPay

d)Accept terms and conditions

e)Enter M-PESA PIN

f)You will receive a 16-digit number in a flash SMS. This is your M-PESA GlobalPay Visa credential (PAN)

g)You will also receive the card's validity period in a separate flash SMS (Expiry).

Via M-PESA App:(Android, iOS)

1. Log in to your M-PESA App.
2. Navigate to the "Grow" tab.
3. Choose "M-PESA GlobalPay" to activate your account.
4. Personalize your card by selecting your preferred color.
5. Enter your PIN to finalize the activation process.

You'll receive your card number and expiry date upon activation – essential details for making secure transactions.

Understanding Transaction Limits and Charges

M-PESA GlobalPay maintains transaction limits to ensure both security and convenience:

• Minimum Transaction Amount: The minimum transaction amount is subject to currency exchange rates but is designed to ensure seamless settlement procedures.
• Maximum Transaction Amount: You can transact up to Ksh 150,000 per transaction, with a maximum daily transaction limit of Ksh 300,000.
• Transaction Charges: Safaricom applies a 3.5% markup on the transaction value, based on the prevailing forex rate, for international payments. This is the only charge for using M-PESA GlobalPay – no additional M-PESA transaction fees apply.

Using Your M-PESA GlobalPay Virtual VISA Card

Paying with your M-PESA GlobalPay Virtual VISA Card is as simple as using a regular credit or debit card, only more convenient:

1. Download the M-PESA App from your app store if you haven't already.
2. Log in and navigate to the "Grow" tab.
3. Select "GlobalPay" and opt-in to use the service.
4. Customize your card's appearance to make it uniquely yours.
5. Create your virtual card – you'll receive your card number and expiry date via SMS.
6. Access your card details through the app or by dialing *344#.

How To Generate CVV (USSD) on M-PESA GlobalPay Virtual VISA Card

On M-PESA USSD(*334#)

a)Dial *334#

b)Select Lipa na M-PESA.

c)Select M-PESA GlobalPay option

d)Select Generate CVV

e)Enter M-PESA PIN

f)You will receive a 3-digit number in a flash SMS.

g)The CVV is only valid for 30 min. Ensure you are at the merchant site and ready to check out before generating the CVV.

ON M-PESA APP:

•Log in to your M-PESA APP.

•From the Grow tab, select M-PESA GlobalPay.

•Select show card details.

•Enter M-PESA PIN

•Your card details will be displayed on the screen in the Card Format. (PAN, Expiry & CVV)

How To Suspend M-PESA GlobalPay Virtual VISA Card

Suspend Card ON USSD

a)Dial *334#

b)Select Lipa na M-PESA.

c)Select the M-PESA GlobalPay option

d)Select Manage Card

e)Select Suspend

f)Select the reason for suspension

g)Enter M-PESA PIN

h)You will receive a successful notification indicating the suspension of the card.

ON M-PESA APP:

•Log in to your M-PESA APP.

•Select Grow Tab

• Select M-PESA GlobalPay.

•Select your Suspend Card.

•Provide reason for suspending card.

•Enter M-PESA PIN.

•Receive message of successful card suspension.

TAKE NOTE: TO UNSUSPEND THE CARD FOLLOW THE STEPS ABOVE. MAKE SURE YOU SELECT UNSUSPEND CARD

How To View Your  M-PESA GlobalPay Virtual VISA Card Mini-statement

On USSD

a)Dial *334#

b)Select Lipa na M-PESA.

c)Select My M-PESA GlobalPay option

d)Select Mini-statement

e)Enter M-PESA PIN

f)You will receive an SMS notification with the last five transactions done on the card.

ON M-PESA APP:

•Log in to your M-PESA APP.

•From the Grow Tab, select M-PESA GlobalPay.

•All your recent transactions are visible on the Homepage

How ToEnable Repeat PaymentsM-PESA GlobalPay Virtual VISA Card 

On USSD

a)Dial *334#

b)Select Lipa na M-PESA.

c)Select the M-PESA GlobalPay option

d)Select Repeat Payments

e)Accept terms and conditions

f)Enter M-PESA PIN

g)You will receive an SMS notification with a confirmation on enabling recurring payments

ON M-PESA APP:

•Log in to your M-PESA APP.

•From the Grow Tab, select M-PESA GlobalPay.

•Select Enable Repeat Payments (just beneath your GlobalPay card).

•Select Enable.

•Enter M-PESA PIN.

•You will receive a notification confirming the successful enablement of Repeat Payments.

To turn off repeat payments, repeat the processes above. This time, roundselect Repeat Payments, then Disable.

Dynamic CVV for Enhanced Security

M-PESA GlobalPay takes security to the next level by introducing dynamic CVV (Card Verification Value). This randomly generated three-digit code changes every 30 minutes, adding an extra layer of protection against unauthorized use. To use your dynamic CVV for online payments, follow these steps:

1. Access your card details through the M-PESA App or dialing *344#.
2. Enter the details as requested during the online checkout process.

Key Features and Benefits of M-PESA GlobalPay

1. Convenience: Seamlessly make payments on international websites without hassle.
2. Security: Your card details are known only to you, and the dynamic CVV adds an extra layer of protection.
3. Expense Tracking: Easily monitor your transactions to keep your finances in check.
4. Travel-Friendly: Use your virtual card to book flights and hotels with ease.
5. OTT Subscriptions: Pay for streaming services like Netflix, Disney+, and more conveniently.

READ ALSO:  M-Pesa Bulk Payment Service (B2C): Requirements, Application And Transaction charges

Conclusion

M-PESA GlobalPay Virtual VISA Card has shattered the boundaries of international online transactions for Kenyan consumers. Its convenience, security features, and ability to cater to your diverse financial needs stand as a testament to the evolution of digital financial solutions. Embrace this innovative stride and explore a new world of global online shopping with M-PESA GlobalPay.