African money transfer service M-Pesa will be teaming with Visa on a virtual payment card service that will try to tap into the subscriptions market there, worth $40 billion a year, Reuters reported Thursday (June 2). Called the M-Pesa Global Pay Visa Virtual Card, it will let users pay merchants from their mobile phones, with no need for credit cards or accounts with PayPal or other companies. The virtual card will also be aimed at the subscription market, for things like Netflix and Spotify. The report notes that the card is available for over 30 million M-Pesa users in Kenya, intending to be debuted in Tanzania, Mozambique, Congo, Lesotho and Ghana by April next year. The idea is to help the unbanked, which has been a focus for numerous companies looking at expanding financial accessibility. "A lot of M-Pesa customers today don't have bank accounts. … It [the virtual card] is a catalyst for eCommerce and digital payments," said Alex McCrea, a Visa vice presiden...