M-PESA, Kenya’s biggest mobile money platform is set to disrupt the country’s cash-loving retail sector with roll-out plastic cards. The GlobalPay virtual cards were limited to purchases from online platforms like Netflix, Amazon, and others.
Virtual cards haven’t exactly had a stellar track record with reliability and fraud risks. Companies like card issuing startup Union54 learned that the hard way.
Physical cards are much safer, however, but it also turns out that Kenyans aren’t exactly plastic pals either.