FintechNews

Mama Money Joins Forces with Access Bank and Paymentology to Launch WhatsApp-Powered Bank Card

Mama Money, a South African startup known for its cross-border money transfer services, has teamed up with Access Bank and Paymentology to introduce a groundbreaking service: a WhatsApp-powered bank card.

Mama Money, which provides international money transfers and banking services through a free mobile app, is one of the fastest-growing operators in this space with over 720,000 users.

With the new Mama Money Card, users can transfer payments internationally, buy electricity and airtime, download bank statements, check their balance, and manage their accounts—all through WhatsApp. This integration makes financial management more accessible and convenient for customers.

The card is particularly beneficial for Mama Money’s customers in South Africa, many of whom hail from Zimbabwe, Malawi, Ghana, Nigeria, and India. It gives them easy access to essential financial services and the ability to send money to over 70 countries worldwide.

Thanks to Paymentology’s advanced payment solution, the Mama Money Card also offers robust security features. Users can instantly freeze their card via WhatsApp if it gets 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. By catering to the specific needs of a diverse customer base, Mama Money continues to dismantle financial barriers and promote inclusivity,” said Mathieu Coquillon, co-founder of Mama Money.

In summary, Mama Money’s new WhatsApp-powered bank card is set to revolutionise how users manage their finances, offering convenience, security, and inclusivity.

Hi, I’m Damife Isaac

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