mVisa in Kenya Registration, Use, and How To Transfer Money Online in 2024

An innovative digital payment method is now available in Kenya, thanks to a collaboration between Visa Kenya and Direct Pay Online Group (DPO). The mVisa mobile money transfer platform promises to redefine digital transactions by offering a quick, safe, and convenient means of payment for customers and merchants alike. In this guide, we delve into the ins and outs of mVisa, offering step-by-step instructions on registering, using, and transferring money online.

What Is mVisa

mVisa is a digital payment platform that enables users to make mobile payments online by scanning unique QR codes. This breakthrough system transfers money directly from a buyer's account to a merchant's account, simplifying transactions for both parties. An initiative by Visa, mVisa aims to stake its claim in the mobile money transfer market, a space predominantly occupied by Safaricom's Mpesa.

mVisa Registration: Step by Step

For Consumers

1. Register for mobile banking and download your bank's mobile banking app or upgrade your existing app. Banks offering mVisa transactions in Kenya include Co-Operative Bank, Family Bank, KCB Bank, National Bank, NIC Bank, and Prime Bank.
2. Open the app and select mVisa.
3. Set an mPIN (mobile banking Personal Identification Number).
4. Select your desired Visa card to link with the service.

For Merchants

If you are a merchant or business owner, registration is a straightforward process:

1. Register with your bank for mVisa.
2. Display your QR code at your place of business or on your website. Clients will scan this code to make payments, and your product or service charges will be deducted from their accounts.

Using mVisa for Mobile Payments: Step by Step

To use mVisa for payments, follow these steps:

1. Open your mobile banking app and select mVisa.
2. Scan the merchant's QR code.
3. Enter the payment amount.
4. Confirm the payment.
5. Receive payment confirmation via a notification or SMS.

Paying Bills Online with mVisa

With mVisa, paying bills is effortless. Here's how:

1. When you're ready to purchase, look for the mVisa acceptance mark and the QR code on the check-out/billing page.
2. Scan this QR code or type in the numeric merchant ID.
3. Enter the payable amount or let the QR code scan automatically display it.
4. Authenticate the payment with your mPIN and confirm the transaction.
5. Receive the transaction confirmation instantly.

How Businesses Can Accept mVisa Payments

To start accepting mVisa payments for your business, follow these steps:

1. Register for mVisa with your bank.
2. Obtain a mVisa merchant ID number and QR code from your bank. Both of these and your merchant name should be displayed on your mVisa merchant information panel.
3. Display the mVisa welcome sign at your place of business to inform customers that you accept mVisa payments.

Benefits of Using mVisa

With mVisa, transactions are instantaneous, and payments go directly to your bank account. This eliminates the need for multiple steps or extra charges when transferring money to a bank account, as seen in other mobile transaction services. It's a streamlined, cost-effective way to handle financial transactions, whether you're a buyer or a seller.

Contacting mVisa

For more information, visit the official mVisa website at http://www.visa.co.ke or email africainfo@visa.com.

READ ALSO: StarLink Internet Kenya Packages And Prices

Conclusion

mVisa is revolutionizing digital payment by providing consumers and merchants a safe, fast, and efficient platform. With its seamless registration process, user-friendly interface, and wide acceptance across numerous banks, mVisa is poised to change how Kenyans do business. Start using mVisa today and experience the future of digital payments!

FAQs

What is mVisa?

mVisa is a digital payment platform that enables users to make mobile payments online by scanning unique QR codes.

How do I register for mVisa?

You can register for mVisa by downloading your bank's mobile banking app, selecting mVisa, setting an mPIN, and linking your Visa card.

Can businesses use mVisa?

Yes, businesses can use mVisa to receive payments from customers. They must register for mVisa with their bank and obtain a merchant ID number and QR code.

Which banks in Kenya offer mVisa transactions?

The banks offering mVisa transactions in Kenya include Co-Operative Bank, Family Bank, KCB Bank, National Bank, NIC Bank, and Prime Bank.

How do I contact mVisa?

You can visit the official mVisa website at http://www.visa.co.ke or email africainfo@visa.com.

What are the benefits of using mVisa?

mVisa allows for quick transfers of cash and instant payments that go directly to your bank account. This streamlined process eliminates the need for multiple steps or extra charges when transferring money to a bank account. It's a cost-effective way to handle financial transactions for consumers and merchants.

Is mVisa safe to use?

Yes, mVisa is a safe platform for online transactions. It's secured by Visa, which uses advanced technology to secure your transactions.

Can I pay bills using mVisa?

Yes, mVisa can be used to pay bills online. Look for the mVisa acceptance mark and the QR code on the check-out/billing page of your merchant or service provider.

How can I accept mVisa payments for my business?

To accept mVisa payments for your business, register for mVisa with your bank and obtain a mVisa merchant ID number and QR code. Display these details at your business or website to inform customers that you accept mVisa payments.

Is mVisa available to customers outside Kenya?

While this article focuses on mVisa usage in Kenya, Visa is a global financial services provider. The availability of mVisa depends on local partnerships with financial institutions and merchants. For the most accurate information, visit the official mVisa website or contact Visa directly.

What is the future of mVisa in Kenya?

With its ease of use, wide acceptance, and security features, mVisa is set to redefine how Kenyans transact digitally. As more banks and merchants accept mVisa, the reach, and impact of this digital payment platform will only increase.

Can I use mVisa on any smartphone?

mVisa can be used on any smartphone with a camera capable of scanning QR codes. This is because transactions are done by scanning a QR code displayed by a merchant or generated within your banking app.