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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.”