Safaricom to add NFC payment option to M-Pesa
Safaricom is reportedly planning to add (Near Field Communication) NFC payment capabilities to its mobile money platform M-Pesa for smartphones and similar devices which use radio communication with each other by touching them together or bringing them into proximity.
The leading telecommunication company is expected to build NFC infrastructure countrywide to enable individuals pay for services and buy goods around the region, the move comes after the roll out of now successful Lipa na M-Pesa.
Safaricom has lately been campaigning for expansion across borders too. Different partnerships by the firm have had its mobile money service embraced in the Diaspora as well.
Philosophers however think it is unnecessary to put up NFC in places such as Kenya or rather any developing markets where mobile money customers mainly use their phones for peer to peer transfers, bill payment and top up.
It is a risk by the company but Safaricom being the giant it is will take up the challenge and launch the new product to complement the mobile service.