ChitChat partners with Mastercard to launch virtual debit cards

ChitChat has partnered with Mastercard to launch virtual debit cards, providing users with a seamless platform for online transactions, subscription management, and real-time fund transfers across Africa.

The virtual card, integrated within ChitChat’s messaging interface, allows users to manage their finances without leaving the app. This collaboration aims to simplify cross-border payments, enabling users to store funds in multiple currencies, thus mitigating risks from currency fluctuations and inflation.

Introducing these virtual debit cards will accelerate transactions that typically require extensive paperwork and bank visits, making financial services more accessible across the continent. The card’s interactive chat functionality allows users to discuss expenses and instantly transfer funds, enhancing the convenience of digital payments and financial management within the app.

Speaking at the launch of the virtual debit cards, Perseus Mlambo, CEO of ChitChat said, “We are thrilled to partner with Mastercard to launch the ChitChat virtual debit card, a tool that will redefine how individuals and businesses in Africa interact with money and access global services. By integrating local economies with the global market in a secure and convenient chat platform, we empower our users with instant transactions that transform everyday interactions and unlock new economic opportunities across the continent.”

In his remarks, Gabriel Swanepoel, Country Manager at Mastercard said, “Mastercard is excited to partner with ChitChat to introduce the virtual debit card, providing a faster, more affordable, and accessible way to conduct global transactions. At Mastercard, we are actively engaged in building the African domestic payment ecosystem connecting partners through digital solutions and technology, extending acceptance infrastructure, and aiming to connect one billion people to the digital economy by 2025. Moreover, our partnership with ChitChat will empower them to manage their consumers’ digital commerce needs, interactions, and experiences. We will provide multi-use, omnichannel digital payment solutions that enhance operational efficiency and enable a seamless transition into digital commerce.”