ChitChat, a leading social commerce platform, has joined forces with Mastercard to introduce new virtual debit cards.
Details
This partnership will allow users to access a one-stop shop where they can transact and shop online, manage membership payments and transfer money across the continent in real-time—all with the convenience of its messaging interface ChitChat app.
The app has an interactive chat feature where users can instantly discuss expenses and allow them to instantly transfer money using the virtual card, without any fuss.
Because this matters
Through the launch of ChitChat’s virtual card, cross-border payments will be accelerated and transactions that traditionally required a visit to a bank, extensive paperwork and days of waiting with high fees can now be done directly within the app.
In addition, users can store funds in multiple currencies, offering protection against local currency fluctuations and inflation and simplifying cross-border transactions.
What They Say
“We are excited to partner with Mastercard to launch the ChitChat virtual debit card, a tool that will redefine the way people and businesses in Africa interact with money and access global services,” he said Perseus MlaboCEO of ChitChat.
“By integrating local economies with the global marketplace on a secure and convenient chat platform, we’re empowering our users with instant transactions that transform everyday interactions and unlock new economic opportunities across the continent.”
Gabriel SwanepoelCountry Manager at Mastercard said, “Mastercard is excited to partner with ChitChat to introduce the virtual debit card, providing a faster, more accessible and affordable way to transact globally. At Mastercard, we are actively building the African domestic payments ecosystem connecting partners through digital solutions and technology, expanding our acceptance infrastructure and aiming to connect one billion people to the digital economy by 2025.
Additionally, our partnership with ChitChat will enable them to manage their consumers’ digital commerce needs, interactions and experiences. We will provide multi-channel, multi-purpose digital payment solutions that enhance operational efficiency and enable a seamless transition to digital commerce.”
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