NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, September 26, 2018

MTN Uganda in partnership with Mastercard and United Bank for Africa (UBA) have announced a new online payments service.  Through this partnership, MTN MoMo customers will use a virtual card to shop or make payments at the vast network of global outlets accepting Mastercard payments.

The launch of the virtual card that is known as MTN MoMocard will ensure MTN’s ability to provide its customers access to products and services previously a preserve of physical credit card holders while diversifying its mobile money portfolio. Additionally, the partnership will result in a wide range of cutting-edge digital payment solutions being introduced in Uganda.

Photo courtesy of Rob Tinworth.