Visa plans to introduce card-swiping machines that attach to cellphones next month in Kenya, seeking to grow by recruiting more small business owners.
The introduction of the devices in Kenya was part of a plan to expand in sub-Saharan Africa and followed a successful pilot carried out in Rwanda since December, manager for sub-Saharan Africa Jabu Basopo said. “We have seen growth in the number of cards. We would like to see the same growth in the payment footprint,” he said. Kenyan card users grew by 20 percent to 6 million last year from a year earlier while point-of-sale usage rose to 15 percent from 10 percent. – Bloomberg