Mastercard, Vodacom partner to introduce online cards in Tanzania


[ccpw id=”6606″]

Mastercard has teamed up with Vodacom to introduce the first online card in Tanzania, the M-Pesa virtual card.

The virtual card will allow M-Pesa mobile wallet holders to make payments on any local or international website or app where Mastercard is accepted for payment, without the need for a bank account or a credit card.

Mobile internet connections across Africa are expected to grow rapidly due to affordable smartphones and high-speed networks being rolled out by mobile network operators like Vodacom, thus creating a demand for digital content and mobile commerce.

Earlier in 2018, Mastercard has rolled out a digital trade platform called Mastercard Track, designed to make it easier for companies to manage payments in supply chains.

Original Source