Mama Money offers WhatsApp-powered bank card with Paymentology

By Gloria Methri

Africa’s Mama Money has joined forces with Access Bank and Paymentology 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 users to transfer payments internationally, buy electricity and airtime, download bank statements, check balance and manage their account using the messaging platform.

The Mama Money Card costs only R100 and has R25 monthly fees. To apply for the card, users can register on the app with either their passport or asylum document. This is much easier than traditional banks, which often require proof of address to issue a bank card.

It is a key feature for Mama Money’s customers in Africa, who are mainly based in Zimbabwe, Malawi, Ghana, Nigeria and even India. Customers can now easily get a bank card that gives them access to fundamental financial services and the ability to send money to over 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.

Mathieu Coquillon, co-founder of Mama Money, emphasized the partnership’s impact, saying, “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, we continue to dismantle financial barriers and promote inclusivity.”

“At Paymentology, we are drawn to working with organisations that share our core values. That is incredibly true of our partnership with Mama Money who are trailblazers in delivering inclusive financial solutions. In a nation where an estimated 4 million migrants reside with many not having access to essential financial services, initiatives such as this play a pivotal role in bridging the gap in financial inclusivity,” Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology continued.