Mobile Money Rwanda Limited (MoMo Rwanda) and Mastercard have partnered to
launch Rwanda’s virtual payment solution, Virtual Card by MoMo, which enables MoMo
customers to make global e-commerce payments safely and securely.
MoMo customers will now be able to transact using a virtual card to shop or make
payments across global outlets that accept Mastercard. This product launch is part
of MTN Group’s strategic partnership with Mastercard to expand collaboration in
issuance, acceptance and remittances. By giving millions of MoMo customers across 13
African countries access to Mastercard’s global network, the partnership is meeting a
growing demand for digital payments, choice, and cross-border transactions.
Mastercard is enabling telecommunication companies to simplify the payments
experience and seamlessly the digital commerce activities of their customers.
“The combination of partnership and innovation enables us to bring greater possibilities
to people and small businesses in Africa. These solutions provide more access, create
more connections, generate confidence and grow the digital economy, ultimately
benefiting the whole ecosystem. We are proud to see our collaboration with MTN
continue to deliver impact in new markets, in new ways, and to new segments of
underserved communities,” said Amnah Ajmal, Executive Vice President, Market
Development EEMEA, Mastercard.
This partnership brings I&M Bank on board to provide technical support, advancing
financial inclusion and literacy in line with Rwanda’s cashless economy agenda. By
driving the adoption of digital payment solutions, the Virtual Card by MoMo aligns with
this vision and supports the broader use of electronic payment methods such as
MoMoPay.
“We are excited to launch the Virtual Card by MoMo in partnership with Mastercard &
I&M Bank. As global online transactions continue to grow rapidly, at Mobile Money
Rwanda, we are committed to ensuring our customers stay ahead. We believe our
customers deserve the benefits of a modern, connected life, and this virtual card will
enable them to conveniently and securely shop online at their favorite international
stores. The Virtual Card by MoMo is just the first of many products and services we
have planned to create value for our customers. Our collaboration with Mastercard,
supported by I&M Bank, allows us to leverage world-class technology to ensure a
seamless and secure customer experience,” expressed Chantal Kagame, Chief
Executive Officer, Mobile Money Rwanda Ltd.
“I&M Bank (Rwanda) Plc is a proud partner in supporting and bringing Rwanda closer to a cashless economy. We believe that the Virtual Card by MoMo will transform the way
Rwanda currently transacts and increase efficiency and prosperity for the Rwandan population. We are committed to continuing to provide innovative financial solutions that
are timely and relevant,” said Benjamin Mutimura, CEO of I&M Bank (Rwanda) Plc.
The Virtual Card is linked directly to a consumer’s MTN MoMo account and is
accessible on any type of mobile phone. As a result, MoMo customers can easily
control their online payments by entering their PIN before confirming a purchase,
ensuring secure and safe transactions. All MTN Rwanda customers are eligible to
receive the Mastercard virtual card. For details on how to request a Virtual Card by
MoMo, customers will need to follow these steps:
Dial *182*2*6#
Confirm with your MoMo Pin.
Select "Virtual Card by MoMo"
Select “Create card”
Accept terms and Conditions
Upon accepting T&Cs, the user will receive an SMS notification confirming
successful card creation. To access card details dial *182*2*6# select option 4
‘view card details.
