In February, MTN forged a collaboration with Mastercard, aiming to launch virtual MoMo cards in specific African regions.

The deployment of the MoMoCard is currently underway in more than 10 African nations, with intentions to extend its reach to numerous additional countries in the coming years.Among the countries slated for MoMo card utilization are Cameroon, Uganda, Nigeria, and Cote d’Ivoire.

What is a MoMo card and what does it do?

The MoMoCard functions as a virtual card that extends the capabilities of your Mobile Money wallet.With the MoMoCard, you can conduct online transactions for services that currently do not accept Mobile Money.The main objective of the MTN MoMoCard is to offer MoMo users convenient access to their mobile money funds for online purchases.

The MoMo virtual card offers universal access, allowing users to manage their funds online from anywhere, facilitating convenient purchases, bill payments, and subscription services

Moreover, it seamlessly integrates with popular payment platforms like PayPal and enjoys wide acceptance globally, with Mastercard affiliation granting access in over 200 countries.Users can utilize their MoMo card for various transactions, including subscription payments, fees, or flight bookings, eliminating the need for a traditional bank debit card.

The MoMo virtual card is anticipated to be introduced in Ghana during the second quarter and become operational by the third quarter.In Ghana, the MoMocard is poised to fulfill multiple roles, including aiding in shopping, travel, and facilitating business dealings.