CHITCHAT, a popular social commerce platform, has teamed up with Mastercard to introduce virtual debit cards, providing users across Africa with a streamlined way to conduct financial transactions within the app. This collaboration allows users to shop online, manage subscription payments, and transfer funds in real time—all directly through ChitChat’s messaging interface.
The new feature leverages ChitChat’s interactive chat functionality, enabling users to discuss expenses and instantly transfer funds using the virtual card. This marks a significant step toward simplifying cross-border payments, which typically involve lengthy processes, paperwork, and high fees. With the virtual card, users can now complete these transactions instantly.
In addition, the virtual card allows users to store funds in multiple currencies, offering protection against currency fluctuations and inflation, while also simplifying cross-border transactions.
Perseus Mlambo, CEO of ChitChat, expressed excitement about the partnership, stating, ‘We are thrilled to partner with Mastercard to launch the ChitChat virtual debit card, a tool that will redefine how individuals and businesses in Africa interact with money and access global services. By integrating local economies with the global market in a secure and convenient chat platform, we empower users with instant transactions that transform everyday interactions.’
Gabriel Swanepoel, Country Manager at Mastercard, highlighted the importance of the partnership, saying, ‘Mastercard is excited to collaborate with ChitChat to introduce a faster, more affordable, and accessible way to conduct global transactions. Our partnership aims to enhance digital commerce through seamless, multi-use payment solutions.’
This launch positions ChitChat as more than just a messaging app, expanding its services to include a comprehensive financial tool that links social and financial needs. The collaboration with Mastercard underscores both companies’ commitment to connecting Africa’s population to the digital economy, empowering users with convenient and accessible financial tools. This initiative also aligns with Mastercard’s broader goal to connect one billion people to the digital economy by 2025.
