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Channelvas Introduces mCard, the Mobile Virtual Credit Card

One card, one payment. mCard enables mobile subscribers to create one-time credit cards for single purchases. As soon as the transaction is authorised, the generated card number expires.

“mCard is a differentiator to operators’ Mobile Money programs.” says Dennis Oudejans, Chief Marketing Officer of ChannelVAS “as it offers subscribers access to global financial systems.”

Endorsed by Mastercard and Visa it allows Mobile Money users and bank account holders to create safe and secure credit cards that can be used for payments at regular credit card pay points as well as for online shopping. mCards work on any phone and can also be forwarded by SMS or email to other mobile subscribers, anywhere in the world.

“A number of operators in Africa have already identified the benefits that this service offers to their subscribers and we expect the first deployment in Q3 this year.” according to Oudejans.

› More about mCard

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