South Africa’s cross-border money transfer firm Mama Money enters into a partnership with Access Bank and Paymentology, the global banking and card issuing industry leaders, to issue a new WhatsApp-based bank card.
Mama Money is an online money transfer and banking service that operates as an app, and it is among the most rapidly growing money transfer operators with over 720,000 users.
The Mama Money Card has a feature that connects with WhatsApp that allows the users to transfer payments internationally, purchase electricity and airtime, download bank statements, check the balance and even manage their account using the WhatsApp data option.
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This enables Mama Money’s customers in South Africa, many of whom are from Zimbabwe, Malawi, Ghana, Nigeria, and India, to be issued with a bank card that provides them with basic banking service and remit money back home to over 70 countries.
In addition, the Mama Money Card, which is the next-generation payment solution through Paymentology, comes with enhanced security measures so that you can freeze the card through a WhatsApp message in case it is lost or stolen.
“The Mama Money Card represents a significant step in empowering communities, particularly in aiding migrants. It provides a platform for secure employer payments, encourages savings, and ultimately contributes to the financial well-being of its users.” Mathieu Coquillon, co-founder of Mama Money, said.
“By catering to the specific needs of a diverse customer base, Mama Money continues to dismantle financial barriers and promote inclusivity.”
