Ride hailing service, Uber, has partnered with Visa to provide customers in Nairobi with e-payments as an alternative means of payment.
Until recently most financial institutions in Kenya refused to allow such payments on their issued bank cards, forcing Uber to rely on cash payments in Nairobi.
Through the partnership with Visa, Uber will now work with several banks to allow their clients to make payments through the platform. The banks are KCB, Co-operative Bank, Equity Bank and Barclays Bank.
“Under the agreement, Visa will work with its financial institution partners to set up their debit and credit portfolios for eCommerce. This will enable faster adoption of digital payments in the region, new revenue streams for banks and merchants, and create the platform for market leading digital companies like Uber to offer great app-based commercial experiences to more customers,” Visa said in a statement.
Loic Amado, Uber General Manager East Africa said, “Simple and convenient payments are an important aspect for Kenyans which is why we partner with companies like Visa, ensuring riders have access to payment options. Riders will now not only have these flexible payment choices, but can also accumulate free rides. This partnership benefits driver-partners to, increased rider demand means increased trips for drivers. Everyone wins.”