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Browsing: Digital payments in Kenya
- Vienna Payment Solutions has joined the Kenyan market by partnering with Interswitch East Africa.
- Kenya has been a regional powerhouse in digital payments, with the 2023 Economic survey placing the value of mobile money transfers at $47.6 billion.
- Interswitch East Africa Head of Technology, Naomi Wachira, says the solution marks a significant leap towards bridging gaps in the payment industry.
Austria-based firm Vienna Payment Solutions has entered the Kenyan market through a partnership with Interswitch East Africa, as the increasing popularity of mobile money continues to open up a new frontier for spirited competition in the space.
Following the partnership, the two companies introduced VIPASO, a payment solution comprising two applications: a consumer app and a merchant app. This initiative aims to enhance payment solutions for banks, players in the hospitality industry, on-the-go services, financial institutions, and retailers.
This comes when merchant payment platforms are projected to grow and …