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Tuesday, February 27, 2024

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Safaricom attains Payment Card Industry Data Security Standard Certification

Safaricom PLC accredited with the worldwide Payment Card Industry Data Security Standard (PCI DSS) Certification.

The approval is a great feat for the company and aligns with its mission to transform from a telco to a tech company by 2025 as it will now be a global payment facilitator for partners such as Google, Uber, and Microsoft, among others.

Speaking during the event, Safaricom CEO Peter Ndegwa noted that the certification for M-PESA is a recognition of the company’s dedication to safeguarding financial transactions for customers. 

“Safaricom has always been driven by the desire to innovate and provide cutting-edge solutions to our customers. As we navigate the digital landscape, security remains at the heart of everything we do,” Mr Ndegwa stated. 

The PCI SSC is a worldwide standard of data security for businesses that process card transactions, by the PCI Security Standard Council (PCI SSC).

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The approval means the company can begin offering various solutions such as tap-to-pay, and merchants receive online and in-person card payments from our customers.

With the certification, Safaricom will become part of a few institutions in Africa that can create a regional payment switch system while safeguarding customers, merchants, and partners’ payment data.

The company can now enhance API capability to grow developers on the M-PESA platform to provide enhanced services and expand the portfolio of mobile money services and payment solutions.

Payment Card Industry Data Security Standard is a globally recognized standard that offers a comprehensive framework to safeguard sensitive customer information during transactions.

It ensures robust controls and security measures are in place to protect against data breaches, fraud, and unauthorized access.

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