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NAIROBI: Global payments firm, Visa, has launched a mobile payment solution in a move set to stir competition in the lucrative cash transfer industry currently dominated by Safaricom's M-Pesa.
The service dubbed mVisa, allows consumers to make purchases and money transactions using their mobile phones. The mVisa application runs on the Visa global network, hence transactions can be conducted at virtually any outlet that accepts Visa regardless the currency.
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