Mastercard partners with Vodacom to introduce first online card in Tanzania

Thursday, September 13, 2018

Mastercard has teamed up with Vodacom to introduce the first online card in Tanzania – the M-Pesa virtual card, the companies said on Tuesday.

The virtual card will allow M-Pesa mobile wallet holders to make payments on any local or international website or app where Mastercard is accepted for payment, without the need for a bank account or credit card.

“Vodacom’s M-Pesa is already an industry trailblazer with over 8.2 million subscribers and over 100,000 agents countrywide that enable citizens to transact safely and easily, but customers are limited when it comes to making online payments on international websites,” Vodacom Tanzania acting managing director Hisham Hendi said.

“The introduction of this functionality through the M-Pesa virtual card will revolutionize how people transact by removing the barrier of having bank accounts and risk of putting bank details online.”

Photo courtesy of Erik (HASH) Hersman.

Source: IOL News (link opens in a new window)

digital payments, fintech, mobile finance