MTN Uganda has today, in partnership with MasterCard and United Bank of Africa, launched the MTN MoMoCard, a virtual card that makes it easy, safe and convenient to shop and make payments both online and in global outlets.
By ‘virtual’, the MTN MoMoCard IS NOT a physical card like your bank ATM card. You do not need a bank account to attach it to but you can use it with any outlet or platform that accepts MasterCard.
According to Diginited, a Ugandan-based tech blog, the card is created on demand using your MTN Mobile Money details. A 16-digit virtual card number and CVV (Card Verification Value) code are sent to your phone number. It is then that you then use these details to checkout on platforms that accept MasterCard.
Here are 10 questions answered by MTN Uganda about the MTN MoMoCard.
1. What is MTN MoMoCard?
The MTN MoMocard is a virtual card available to MTN customers that enables them to perform online transactions with funds from their MTN MoMo account. MTN has partnered with MasterCard to offer this service.
2. How do I get the MTN MoMocard?
Getting the MTN MoMocard is very easy. Simply dial *165*70# and select option 1 to create an MTN MoMocard. The customer will then be prompted to enter their MTN MoMo PIN. A 16-digit virtual card number together with the CVV (security code) number will be sent to your phone via an SMS notification.
3. How much am I charged to use the MTN MoMocard?
Each MTN MoMocard created costs UGX 1,000 and every payment using the MTN MoMocard will be charged 3% of the transaction amount. These charges will be made on the customer’s MTN MoMo account.
“Simply dial *165*70# and follow promopts…”
4. What are the limits on the MTN MoMocard?
Every MTN MoMocard has a maximum value of UGX 3,000,000 and is valid for 14 days.
5. Who can use the MTN MoMocard?
MTN MoMocard is available to all MTN MoMo customers.
6. What can I do with my MTN MoMocard?
With the MTN MoMocard you can pay for goods and services online. Some of these include online shopping, accommodation, airline travel, e-books, software, apps and so much more. The MTN MoMocard can be used on any online service that accepts payment through MasterCard.
7. How many MTN MoMocards can I create?
You can create only 1 card at a time. When that card expires or is depleted you can then create another.
8. What if I forget my MTN MoMocard details?
Simply dial *165*70# and select option 2. You will be prompted to enter your MTN MoMo PIN and thereafter the MTN MoMocard details will be displayed.
9. Can I cancel the MTN MoMocard?
You can cancel your MTN MoMocard. Simply dial *165*70# and select option 3 to cancel your card. You will be prompted to enter your MTN MoMo PIN to confirm this request.
10. Can I withdraw cash using my MTN MoMocard?
No you will not be able to withdraw cash using the MTN MoMocard. It can only be used to make online payments.