M-Pesa virtual Visa card is undercutting Kenya’s c..

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M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a larger share of the country’s cross-border payments market. | ##nations

M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a

Foreign currency payments through the KCB Group debit card are based on Sh128.10 against the dollar, DTB Group (Sh128), Cooperative Bank (Sh127.95), NCBA Group (Sh126.80), Equity (Sh126), Standard Chartered (Sh125.37) and Sh125 for Absa.

M-Pesa overtook voice to become the biggest

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M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a

Raphael Godifrey

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