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Home Economy Finance

ChitChat, Mastercard Launch Virtual Debit Cards for Seamless Transactions Across Africa

The partnership will enable ChitChat users’ access to perform diverse transactions within the comfort of a single app

by Joan Aimuengheuwa
September 18, 2024
in Finance
0
ChitChat, Mastercard Launch Virtual Debit Cards for Seamless Transactions Across Africa
ChitChat partners with Mastercard

ChitChat partners with Mastercard

UBA
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Social commerce innovator, ChitChat has partnered with Mastercard to launch a new range of virtual debit cards. 

This collaboration offers users a unified solution for online transactions, including shopping, managing subscription payments, and transferring funds across the continent—all within the ChitChat app’s messaging interface. 

The app features interactive chat abilities that allow users to discuss expenses and make instant transfers using the virtual card seamlessly.

Through the launch of ChitChat’s virtual card, cross-border payments will be accelerated and transactions that traditionally required a bank visit, extensive paperwork, and enduring several days of waiting with high fees can now be done instantly within the application. 

Additionally, users can store funds in multiple currencies, offering protection against local currency fluctuations and inflation, and simplifying cross-border transactions. 

“We are thrilled to partner with Mastercard to launch the ChitChat virtual debit card, a tool that will redefine how individuals and businesses in Africa interact with money and access global services,” said Perseus Mlambo, CEO of ChitChat.

“By integrating local economies with the global market in a secure and convenient chat platform, we empower our users with instant transactions that transform everyday interactions and unlock new economic opportunities across the continent.”

Gabriel Swanepoel, country manager at Mastercard said, “Mastercard is excited to partner with ChitChat to introduce the virtual debit card, providing a faster, more affordable, and accessible way to conduct global transactions. At Mastercard, we are actively engaged in building the African domestic payment ecosystem connecting partners through digital solutions and technology, extending acceptance infrastructure, and aiming to connect one billion people to the digital economy by 2025.”

“Moreover, our partnership with ChitChat will empower them to manage their consumers’ digital commerce needs, interactions, and experiences. We will provide multi-use, omnichannel digital payment solutions that enhance operational efficiency and enable a seamless transition into digital commerce.”

This move significantly expands ChitChat’s services beyond simple messaging, positioning it as a multi-functional application offering a comprehensive link between social and financial needs. 

The collaboration aims to connect and empower an inclusive digital economy for all, reinforcing Mastercard’s global commitment.

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Tags: ChitChatGabriel SwanepoelMastercardPerseus MlamboVirtual Debit Cards
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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