Over the last year it has become clear that bridging the digital divide is a necessary exercise especially when it comes to elements like ecommerce.
Being able to shop online might seem like a luxury but as we saw during the hardest of lockdowns locally, ecommerce has become incredibly important. This goes for outside of a pandemic as well as it may be cheaper for somebody to order groceries online and have it delivered compared to having to catch public transport and spend a day out shopping.
With this in mind, Telkom has worked with Mastercard, Nedbank and Ukheshe Technologies to create a virtual card that can be linked to a Telkom Pay account and be used for payments through WhatsApp.
With the addition of the Mastercard virtual card to Telkom Pay, users can now make payments to local and global online merchants that accept Mastercard, including Uber and Netflix.
“We are proud to lead the way in launching the first virtual card through WhatsApp on the continent. This ensures greater financial inclusion through affordable products and services that cater to everyone and are easily accessible through a mobile device at any time,” says managing executive for financial services at Telkom, Sibusiso Ngwenya.
Telkom Pay users will have the option to create a virtual card and link it to their wallet. You can then transfer funds from the wallet to the card.
Users are also able to block or cancel the card or get a replacement.
To pay for purchases, users receive a virtual prepaid card – including a 16-digit card number, security code and expiry date, which they use to complete an online purchase much like they would with a physical card.
“We are thrilled to assist Telkom in making new, innovative products possible, and look forward to continuing our journey of supporting clients in their efforts to offer cutting-edge payment solutions to people who need them most,” says Ukhese Technologies’ chief executive officer, Clayton Howard.
Being able to make payments easily is a great solution and we hope to see more of this in the future.