MTN offers Mobile Money Visa in South Africa

Wednesday, June 25, 2014

MTN SA has launched a Visa card for Mobile Money users in SA.

The operator, which launched its cellphone-based bankaccount service at the end of 2012, says the Mobile Money Visa card offers users “full banking functionality” – including paying for goods and drawing money at ATMs.

CEO of MTN SA Zunaid Bulbulia says the Visa is “the next phase” of the company’s mobile banking services drive. “We are enabling customers to use their Mobile Money Visa card at ATMs and other till points across the country with free unlimited card swipes and full banking functionality. The Mobile Money Visa card has no monthly or annual card fees.”

The card, currently available from Pick n Pay and Boxer stores for a one-time fee of R29, will be activated on customers’ accounts within 72 hours of them following the given instructions.

Source: ITWeb (link opens in a new window)

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financial inclusion, financial services, mobile money