Mama Money Launches WhatsApp Powered Bank Card Available at Pick n Pay
- The Mama Money Card prices R99 once-off with a month-to-month payment of R25 and is obtainable at chosen Pick n Pay shops in Johannesburg, Cape Town, and Durban.
- Through WhatsApp clients can simply handle their card, ship cash to over 70 nations worldwide, and purchase electrical energy, airtime or information.
- As a launch supply, new clients who get their Mama Money Card this November will get their first month-to-month account payment of R25 at no cost.
CAPE TOWN, South Africa, 14th November 2024 -/African Media Agency (AMA)/- Mama Money Financial Services, a fintech specialising in cost-effective cash transfers, has launched a brand new financial institution card that allows cardholders to handle their account and cash by a custom-made WhatsApp resolution.
In collaboration with Access Bank and Pick n Pay, the Mama Money Card goals to beat the challenges confronted by tens of millions within the nation the place there are boundaries to standard banking companies.
Using WhatsApp, a Mama Money Card buyer can simply handle their account. This consists of shopping for airtime or electrical energy, depositing money, checking account balances, and immediately freezing the cardboard if it has been misplaced or stolen. Customers also can store on-line or swipe in shops to purchase items, withdraw cash from any ATM, and ship cash to over 70 nations worldwide utilizing their Mama Money Card.
“The Mama Money Card is making it much easier for under-served communities to get their own bank service where all they need is proof of identity such as a passport, asylum document or South African ID to register for Mama Money on their phone. We’ve always sought ways to make financial services more accessible and tailored to the needs of our unique customer base,” says Mathieu Coquillon, co-founder of Mama Money.
“We’ve seen a big demand from employers who previously paid their staff in cash or via e-wallet or have issues with employees sharing bank account details. Each Mama Money Card comes with a unique account number that makes it simple to pay salaries and gives cardholders full control of their money,” added Coquillon.
To join the Mama Money Card, clients can obtain the Mama Money app and register inside minutes earlier than accumulating their card from chosen Pick n Pay shops in Johannesburg, Cape Town or Durban. There is a once-off value of R99 for the cardboard and the month-to-month payment is R25. For sending cash overseas the payment is 5% or much less relying on the place you’re sending cash to.
All new clients who purchase their Mama Money Card from Pick n Pay this November will obtain their first month-to-month payment at no cost.
The Mama Money Card presents greater than only a banking service. “It provides security, supports employment and promotes secure savings, improving the livelihoods of our customers,” states Coquillon.
“The Mama Money Card has big potential to reach South Africa’s unbanked population. With convenient access through WhatsApp, it removes barriers like physical bank branches or ATMs that often limit banking options. Given South Africa’s high cellphone and WhatsApp usage, this service is making essential banking and payment functions more accessible. Pick n Pay is proud to support this innovative, tailored solution through our extensive store network, bringing financial inclusion one step closer to everyone – something we have always promoted,” stated Deven Moodley, Executive Head of Value-Added Services, Financial Services, and Mobile at Pick n Pay.
Understanding that monetary inclusion delivers alternatives for entry to the formal and digital financial system, the launch of the Mama Money Card is a testomony to each corporations’ dedication to empowering individuals by making it simpler and extra inexpensive to entry basic monetary companies.
Distributed by African Media Agency (AMA) on behalf of Mama Money
The publish Mama Money Launches WhatsApp Powered Bank Card Available at Pick n Pay appeared first on African Media Agency.
