Africa’s cross-border money transfer operators, Mama Money, has entered into partnership with Access Bank and Paymentology to launch a WhatsApp-powered bank card in South Africa.
According to Mathieu Coquillon, co-founder of Mama Money, “through its integration with WhatsApp, the Mama Money Card allows users to transfer payments internationally, buy electricity and airtime, download bank statements, check their balance and manage their account using the data-friendly messaging platform.”
He added that the innovation would make it much easier than traditional banks that often require proof of address to get a bank card.
“This is a key feature for Mama Money’s customers in South Africa, who are mostly from countries such as Zimbabwe, Malawi, Ghana, Nigeria, India and many more, to easily get a bank card that gives them access to fundamental financial services and the ability to send money to over 70 countries worldwide,” said Coquillon.
“Through Paymentology’s next-generation payment solution, the Mama Money Card also offers advanced security features that allow you to instantly freeze the card through WhatsApp in case of loss or theft.
“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.
“By catering to the specific needs of a diverse customer base, Mama Money continues to dismantle financial barriers and promote inclusivity.
“In a nation where an estimated 4 million migrants reside with many not having access to essential financial services, initiatives such as this from Mama Money, powered by us, play a pivotal role in bridging the gap in financial inclusivity,” Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology also stated.