The forex charge is on the steep side 105/= for a 3,000/= transaction. I’ve been using KCB Prepaid card and i get no other charges, i do pay the exact amount.
The limit of 150k also cuts one off large transactions, i purchased a laptop at Amazon and the price was above 150k, so had i opted for Mpesa -Visa Card, the transaction would not have gone through.
Overhyped and overrated. Does not solve any problem. Buying stuff on international marketplaces has never been a problem, receiving payments from international sources is the problem. The card does nothing that a good prepaid card doesn’t do already. There are many cards where you can load funds via MPesa instantly and make your purchase.
When you are as powerful as Safaricom and with a huge advertisement budget anything you do is “innovative” and a “game changer”.
Trust me. There’s a huge percentage of people that still don’t know how to pay for stuff on international marketplaces. It will help bridge that gap. Contrary, there are many ways to receive money from abroad, starting with your namesake Pyypl, PayPal, Skrill, Wise, Western Union, Moneygram, Mpesa, Crypto, RTGS, etc.
500 is very little compared to Safaricom’s markup on the exchange rate. Let’s say the card has a life of 2 years before you get a new one, by the time 2 years lapse the fees would have added up to more than 500. But it has a few good uses, if you are going to buy a $2.99 ebook once every 3 years then definitely the Safaricom card is a “game changer”.