TNM Mpamba, a mobile money service provider, has launched a Mastercard virtual payment solution in Malawi that will allow the former’s mobile money wallet customers to make a seamless online transactions.
Following the linking of a Mastercard virtual payment solution with the TNM Mpamba mobile money wallet Khadi Mbambande wallet, customers will be able to make payments to e-commerce brands and merchants that are both local and global.
TNM Mpamba general manager Christopher Sukasuka said: “The new solution functions like a debit card that can be used for all types of e-commerce payments. When you combine the wide agent network of TNM Mpamba with the robust network of Mastercard within Malawi and globally, you get an unrivalled service network.”
Furthermore, this launch allows online transactions to be carried out quickly through mobile wallets for a wide range of transactions that need card payments.
On using the virtual payment solution to make purchases, Mpamba customers will get a 16-digit card number, security code and expiry date, which can be used to complete an online purchase just as they would do otherwise with a physical card.
The payment solution also features several layers of security, which is claimed to help keep customer’s financial data secure as well as private.
Mastercard executive vice president for market development in MEA Amnah Ajmal said: “We are pleased to advance our digital partnerships strategy in MEA with TNM Mpamba as we continue the road to digital transformation and shared prosperity for all to unlock the true potential of inclusive growth across the continent.”