Move over cash, Mama Money lets customers bank on WhatsApp [Video]

• Mama Money has launched its Mama Money Card.
• The card is just one part of a financial solution aimed at bringing South Africa’s unbanked population into the financial system.
• Customers can conveniently manage their Mama Money account via WhatsApp.

Despite there being roughly 300 million adults in Sub-Saharan Africa who are classified as “unbanked” that’s not as big a problem as it was about a decade ago. Where traditional banks have failed to gain a foothold in the market, financial technology has given Africans a way to manage their money, establish a credit history and more.

Today, we bring you word of a new solution from Mama Money Financial Services which leverages WhatsApp’s functionality to give customers a way to manage their money and a card that can be used to make purchases at retailers and other businesses. The card costs R99 once-off and can be purchased at Pick n Pay after registering for a Mama Money account.

“The Mama Money Card is making …