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Absa reshapes payments with virtual cards

New ideas: Mmoloki Modise demonstrating how the virtual card works at the recent launch of the Multi-Currency Prepaid Virtual Card
New ideas: Mmoloki Modise demonstrating how the virtual card works at the recent launch of the Multi-Currency Prepaid Virtual Card

The country’s second largest bank, Absa Bank Botswana, has introduced virtual cards which are digital versions of debit and credit cards that can be used on smartphones and smartwatches for contactless payments.

The cards are being hailed as the next step in fintech innovation and ease of access for banking customers.

Speaking at the launch on Tuesday, Godiraone Maokenyane, the bank’s Head of Strategy and Business Transformation explained the technology.

Editor's Comment
Mob justice isn't just

A young man suspected of breaking into a car was seized by residents, severely assaulted, and died in the hospital within an hour. We unreservedly condemn this mob justice. It is not a solution to crime, but a criminal offence that turns citizens into murderers.Residents are understandably angry about theft. The person who raised the alarm at 4am acted lawfully, and the neighbours who rushed to help showed community spirit. But what followed was...

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