In a significant stride towards becoming a global technology powerhouse, Safaricom, Kenya’s leading telecommunications company, has achieved the coveted Payment Card Industry Data Security Standard (PCI DSS) certification. This international standard, issued by the PCI Security Standard Council, is a seal of approval for businesses involved in processing card transactions, signifying a commitment to robust data security practices.
PCI DSS is a globally recognized framework designed to protect sensitive customer information during transactions, ensuring a secure environment that guards against data breaches, fraud, and unauthorized access. This certification places Safaricom in an elite group of institutions in Africa capable of establishing a regional payment switch system while safeguarding the payment data of customers, merchants, and partners.
The CEO of Safaricom PLC, Peter Ndegwa, expressed the company’s commitment to innovation and cutting-edge solutions. He emphasized that security is paramount in the rapidly evolving digital landscape. The certification aligns with Safaricom’s mission to transition from a telecommunications provider to a global technology company by 2025, positioning itself as a key player in the international payment ecosystem.
One of the significant implications of this accreditation is Safaricom’s ability to issue virtual cards, facilitating tap-to-pay global transactions for multinational partners such as Google, Uber, and Microsoft. This move positions Safaricom as a global payment facilitator, opening doors for seamless online and in-person card payments for merchants and users alike.
Ndegwa highlighted the broader impact of the certification on Safaricom’s flagship mobile money service, M-Pesa. The company intends to leverage this milestone to enhance its Application Programming Interface (API) capability, fostering the growth of developers on the M-Pesa platform. This, in turn, will result in a broader portfolio of mobile money services and payment solutions, offering customers more innovative and secure options.
Safaricom’s achievement not only reinforces its commitment to securing financial transactions but also solidifies its position as a technology-driven force in the global arena. As the company continues to navigate the digital landscape, the PCI DSS certification serves as a testament to Safaricom’s dedication to providing secure and innovative solutions for its customers and partners alike.