Mukuru launches mobile prepaid debit card in South Africa
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- Mukuru launches mobile prepaid debit card in South Africa
Saturday 27th April, 2013 on TechZim
Mukuru.com has just announced the launch of a new cellphone based debit card in South Africa. It something like mobile banking services locally, except this is optimised for existing Mukuru services in addition to using the card for regular banking and point of sale. The new card is backed by Standard Bank.
According to a video posted on YouTube, the new product addresses the need by migrants to have regular bank accounts in South Africa. Migrants, apparently, find it hard to ‘open’ a bank account in SA, which then makes it difficult to transfer money securely to relatives in the greater Southern Africa region.
The new debit card costs R25 and an account can be opened at Inter Africa stores in South Africa. Mukuru services available through the card include regional remittances via a cellphone.
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