TNM Mpamba, Mastercard team up for virtual payment solution

This solution aims to enable TNM Mpamba mobile money wallet customers to make seamless local and international ecommerce transactions. The launch is also expected to facilitate financial inclusion and improve access to the digital economy. 

Through a Mastercard virtual (non-plastic) payment solution linked to the TNM Mpamba mobile money wallet, customers will be able to make payments to local and global online brands and merchants, expanding their reach to an international marketplace. In addition, the launch enables ecommerce transactions to be done instantly through mobile wallets for a wide variety of transactions that require card payments including subscription streaming on Netflix, advertising on Facebook, online shopping on Amazon, as well as travel and bill payments. 

To pay for purchases using the virtual payment solution, Mpamba customers will receive a 16-digit card number, security code, and expiry date, which they can use to complete an online purchase much like they would with a physical card.