Zazu, a Zambian Fintech startup Zazu has partnered with Mastercard to issue prepaid cards linked to its mobile wallet. Zazu is a digital bank which allows users to manage their money. It is connected to a MasterCard and gives its users power to know where and how their money is goes. Unlike a traditional bank, Zazu uses a customer’s KYC to create their wallet for them. There is no unnecessary need to stand in queues. However, customers can have chat directly with customer service personnel about any questions concerning Zazu’s services. However, its mobile wallet allows customers – even those without a bank account to send, receive, make payments or save digitally.
You can also read about how Zazu raised $1.4 m
The new launch of MasterCard Prepaid cards by Zazu allows its card holders to withdraw money from the ATMs and pay for the items from millions of merchants that accept MasterCard, both in Zambia and internationally.
Zazu’s customers can request for a Mastercard directly from the app for their e-commerce payments. Therefore, this provides them with a secure way of transacting online without the need of sharing primary card or account information with merchant. For customers, it means they can have card to their wallets which allows them the access to make payments across million of locations around the world providing them with the control and confidence to managing their money more smartly.