Visa Partners With Tanzania’s Telco Firm Halotel For Mobile Money Services
Visa, the global payments technology company, has announced a strategic partnership with Halotel to enable Visa on mobile payments on Halotel’s HaloPesa wallet in Tanzania.
The service will be rolled out in early 2019 thereby enabling HaloPesa’s one million registered wallet holders to use Visa on mobile to securely make merchant payments and conduct cash deposits and withdrawals at Visa agents. Any HaloPesa customer, including those who do not have a bank account, will be able to benefit from the solution.
“Our partnership with Halotel will ensure that Tanzanians can pay using Visa on their mobiles at over 40,000 new retailers. It will also help expand financial inclusion for Tanzanian consumers who will now be able to benefit from participating in the Visa eco-system”, said Visa acting General Manager for East Africa, Kevin Langley.
Halotel is the fastest growing mobile network operator in Tanzania and started operations in 2015. In 3 years, Halotel has gained 4 million subscribers with 1 million mobile money accounts branded HaloPesa and 40,000 mobile money agents.
“We are proud to partner with Visa on this initiative. With this partnership, we will have the power of the Visa network to deliver interoperable standards and enable our customers to pay and get paid seamlessly.” said Halotel’s Deputy Managing Director Nguyen Van Son.
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Through the partnership, HaloPesa will offer consumers the option to pay a merchant with interoperable Visa QR Codes that are being rolled out as part of Visa on mobile expansion in the market.
Visa on mobile enables consumers to access their funds directly from their bank accounts via their mobile banking app to pay merchants, send money to individuals at no transaction fee, as well as deposit, or withdraw cash at any Visa agent.
Enrolled merchants will receive a unique QR code with a Till Number that customers can scan using a smartphone or key enter using a feature phone respectively to make the payments. The funds move directly from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties.
Enrolled bank agents will also receive a QR code with a Till Number that consumers can scan using a smartphone or key in a USSD code from a feature phone respectively to deposit or withdraw funds into or from enabled bank accounts.
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