Visa Unveils New Smartphone Payment Features to Help Small Businesses Accept and Send Digital Payments
Visa has introduced new capabilities across Visa Accept and Visa Direct, enabling small businesses to accept payments and send payouts using just a smartphone...
✨ Key Highlights
Visa has launched new smartphone payment features for its Visa Accept and Visa Direct platforms, enabling small businesses to send and receive digital payments without additional hardware.
- 99% of surveyed small and medium-sized businesses use at least one digital financial tool, with 85% reporting positive business impacts.
- Visa Accept transforms a smartphone into a payment terminal, while Visa Direct allows businesses to send payouts like employee wages and customer refunds.
- The new capabilities aim to reduce payment friction, allowing businesses to focus more on customer experience, with Co-op Bank Kenya expected to launch Visa Accept soon.
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Vodafone Kenya Completes Acquisition of Government’s 15% Safaricom Stake - July 2026
Vodafone Kenya Limited has successfully acquired the Government of Kenya's 15% stake in Safaricom, increasing its ownership to 55% and making it the majority shareholder. The transaction was finalized on 30 June 2026. The acquisition strengthens Vodafone Kenya's position in the East African telecom market. Additionally, Kenyan EdTech startup Craydel has expanded its operations into Ghana, marking its entry into its eighth African market, demonstrating Kenya's growing tech influence across the continent. Meanwhile, Visa has launched new smartphone payment features for its Visa Accept and Visa Direct platforms, enabling small businesses to send and receive digital payments without additional hardware.
