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Labrish
Nyuuz
MTN Launches Virtual Card to Boost Digital Payments in Uganda
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[QUOTE="Nehanda, post: 26525, member: 2262"] MTN Mobile Money teamed up with Mastercard, Diamond Trust Bank, and Network International. They made a new Virtual Card by MoMo. This lets MTN MoMo users buy things online without having a real card or bank account. MTN wants more people to use digital money across Uganda. They aim to help everyone use the digital economy. Uganda has more people using digital money services. Mobile money payments reached 191 trillion Ugandan shillings by June 2023, up 23% from 156 trillion shillings in 2022, the Bank of Uganda says. The Virtual Card by MoMo helps users pay on any website or social media that takes card payments. MTN MoMo users can pay school fees, buy social media ads, shop online, or book travel with their MoMo Wallet using Mastercard. Jemima Kariuki Njuguna from MTN MoMo called this a big step toward MTN's Ambition 2025. They want to help more people use money services and improve wealth across Africa. The safe, easy way to use online services helps customers join the digital economy better. This shows that MTN keeps creating new digital money products. Muhammad Nana from Mastercard said they want to help more people use banking services. They use their technology to make new answers for what African users need. Starting the Virtual Card by MoMo in Uganda marks an important change in helping more people use the digital economy. Working together means millions of Ugandans can pay safely and easily, which helps build the country's economy. The Virtual Card by MoMo works for many different users. Students can pay school costs or sign up for classes on Coursera. Small business owners can buy Facebook, Instagram, or X ads. People who like entertainment can pay for Spotify, Netflix, and Apple Music. Online shoppers can buy from Amazon, eBay, and Alibaba. Travelers can book trips on Expedia, Booking.com, and Airbnb. Local buyers can order food and goods from Javas, Jumia, and Market by MoMo. Applying for the MoMo Virtual Card is easy. Customers dial *165*70#, and the card connects to their MoMo Wallet right away. Even people without bank accounts can shop online. Safety comes first—all payments have strong protection, making them safer than using real cards. Users can add just the money they need for each purchase, giving them full control over their spending. The card also offers special deals, possible rewards, and discounts, including cheaper air tickets. To learn about starting with the Virtual Card by MoMo and how to use it, check the MTN MoMo website or call +256771001000. [/QUOTE]
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MTN Launches Virtual Card to Boost Digital Payments in Uganda
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