Telkom Pay All Set to Enhance Digital Payment Technology in Africa

Telkom Pay in its new partnership has launched a virtual MasterCard for transactions over WhatsApp in Africa.

Telkom Pay in collaboration with Nedbank, MasterCard, and Ukheshe Technologies has launched a virtual MasterCard for transactions over WhatsApp in Africa.

The users of Telkom’s digital wallet service can now create a virtual Mastercard in the Telkom Pay app, which is linked to the wallet. Similar to a physical MasterCard, the virtual card contains a full 16-digit number, CVV, and an expiry date.

“We are proud to lead the way in launching the first virtual card through WhatsApp on the continent. This ensures greater financial inclusion through affordable products and services that cater to everyone and are easily accessible through a mobile device at any time.”

Sibusiso Ngwenya, Managing Executive for Financial Services, Telkom

“This digital-first solution bridges the divide by giving consumers instant access to a virtual payment solution through WhatsApp, without compromising the safety and security of transactions.”

Suzanne Morel, Country Manager for SA, Mastercard

This collaboration can enable more efficiency in Digital payments in Africa.

More News

Never miss an update

Join 37,000 subscribers: Signup to our weekly newsletter and never miss an update:

GLAD THAT YOU ARE HERE!

Get the latest industry news delivered directly to your inbox!

Signup to get the latest news from the Media, Technology and Telecoms industry for Africa and the Middle East.

No thanks, just take me to the website.

SIGN UP NOW

Get the latest industry news delivered directly to your inbox!

Signup to get the latest news from the Media, Technology and Telecoms industry for Africa and the Middle East.

4438