27 Jun 2024
Mama Money, a cross-border money transfer operator in Africa, has joined forces with Access Bank and Paymentology, known for global banking and card issuing, to launch a new bank card service that stands out for its use of WhatsApp banking.
Through its integration with WhatsApp, the Mama Money card allows you to transfer payments internationally, buy electricity and airtime, download bank statements, check your balance and manage your account using the data-friendly messaging platform.
The Mama Money card costs only R100 with R25 monthly fees. To apply for the Mama Money card register on the Mama Money app with either your passport or asylum document.
This makes 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 and India, to obtain a bank card that gives them access to fundamental financial services and the ability to send money to more than 70 countries worldwide.
Through Paymentology’s next-generation payment solution, the Mama Money card also offers advanced security features that allow users to instantly freeze the card through WhatsApp in case of loss or theft.
By embracing cutting-edge technology, the partnership has allowed Mama Money to fast-track innovation in the market while maintaining the highest levels of regulatory compliance.
