MTN Mobile Money (U) Limited, in partnership with Mastercard, Diamond Trust Bank, and Network International, has launched the Virtual Card by MoMo, a revolutionary fee resolution designed to empower MTN MoMo subscribers to carry out on-line transactions with no need a bodily card or checking account. Launched on twenty seventh February 2025 on the Kampala Serena Hotel, this innovation strengthens MTN’s dedication to monetary inclusion and Uganda’s digital economic system.
The Virtual Card by MoMo is a safe, digital fee device linked on to your MTN MoMo Wallet. It permits customers to make card-based funds on any e-commerce platform, web site, or social media channel that accepts card funds. Whether paying college charges, procuring on-line, reserving journey, or boosting your online business on social media, this resolution removes obstacles to digital entry.
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Uganda’s digital finance sector is booming, with cellular cash transactions hitting Shs 191 trillion between 2022 and 2023 (Bank of Uganda). The Virtual Card by MoMo builds on this momentum, aligning with MTN’s Ambition 2025 to drive monetary inclusion and financial empowerment throughout Africa.
Leadership Perspectives
Jemima Kariuki Njuguna, Chief Product Officer at MTN Mobile Money (U) Limited, shared:
“This launch is a significant milestone towards our Ambition 2025 imaginative and prescient. By providing a safe and handy method to entry on-line companies, we allow our clients to have interaction extra actively within the digital economic system. This product underscores our dedication to innovation and excellence within the digital monetary sector.”
Muhammad Nana, Senior Vice President, Digital Partnerships at Mastercard, added: “Mastercard is dedicated to driving monetary inclusion by way of know-how. The Virtual Card by MoMo allows hundreds of thousands of Ugandans to transact securely and conveniently, contributing to the nation’s financial improvement.”
A Fresh Start for MTN’s Virtual Card
This isn’t MTN’s first digital card. In 2018, the telco partnered with United Bank of Africa (UBA) to launch the MTN MoMoCard, which was discontinued two years later for undisclosed causes. The new Virtual Card by MoMo builds on these classes, providing enhanced safety, accessibility, and partnerships to make sure long-term success.
Who Benefits?
- Students: Pay charges or enroll in programs on platforms like Coursera.
- Entrepreneurs: Run adverts on Facebook, Instagram, or X (Twitter).
- Shoppers: Access Amazon, Jumia, or Alibaba.
- Travelers: Book flights/motels by way of Expedia, Airbnb, or Booking.com.
- Streaming Fans: Subscribe to Netflix, Spotify, or Apple Music.
How to Get Your Virtual Card (5 Steps)
- Dial *165*70# in your MTN-registered telephone.
- Enter your MoMo PIN.
- Select Option 1 from the menu, then select 1 to proceed.
- Pay UGX 1,000 by way of your MoMo Wallet to create the cardboard.
- Receive an SMS affirmation—your card is prepared!
Security & Perks
- Transactions use Mastercard’s encryption to attenuate fraud dangers.
- Load solely what you want, protecting spending in management.
- Enjoy unique rewards, reductions, and partnership offers.
Join the Revolution
The Virtual Card by MoMo is greater than a product—it’s a leap towards a financially inclusive Uganda. Ready to begin? Visit the MTN MoMo web site or name +256771001000.
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