Virtual Pay International, a local Payment Service Provider, has secured a Visa Principal Acquirer Licence, making it the first Kenyan player in the online payments sector to directly acquire Visa card transactions. This milestone is set to enhance online payment efficiency and security across East and Central Africa.

• Virtual Pay International is the first indigenous Payment Service Provider in East and Central Africa to obtain this licence.
• The licence will allow Virtual Pay to directly process Visa card transactions, improving efficiency and fraud protection for users.
• David Morema, the Virtual Pay Group CEO, highlighted the license's role in building trust and inclusivity in the region's online payment capacity and fostering collaboration among stakeholders.
• Kenya leads East Africa in mobile money and digital transactions, with mobile money agents facilitating transactions equivalent to over 53 percent of the country’s GDP in 2024.