South Africa-based cross-border money transfer startup Mama Money has partnered with Access Bank and Paymentology, global leaders in banking and card issuing, to launch a new WhatsApp-powered bank card service.
Mama Money offers international money transfers and banking services through a free mobile application and is one of the fastest-growing money transfer operators, with over 720,000 users.
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 accounts using the data-friendly messaging platform.
This service enables Mama Money’s customers in South Africa, who are primarily from countries such as Zimbabwe, Malawi, Ghana, Nigeria, and India, to easily obtain a bank card that grants them access to essential financial services and the ability to send money to over 70 countries worldwide.
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Furthermore, through Paymentology’s next-generation payment solution, the Mama Money Card offers advanced security features that allow users 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,” said Mathieu Coquillon, co-founder of Mama Money.
