Absa Bank Botswana has unveiled its innovative ‘Virtual Card’-Absa Pay, a first in the market and ‘Multi-Currency Virtual Card’ products that will give retail clients a secure, convenient and flexible way to manage everyday payments and international transactions. This marks a significant milestone in the bank’s journey to empower customers through technology, security, and convenience.
Available via the Absa Mobile Banking App under the Card Management tab, customers can now activate their Virtual Card -Absa pay functionality linked to their existing physical debit and credit cards.This enables clients to use their smartphone or wearable to make payments through “tap to pay” at any point of sale. Currently the Virtual Card – Absa Pay solution is available for Android and Huawei mobile phones with Near Field Communication (NFC) capability.
The Absa Multi-Currency Virtual Card is a convenient option that allows clients to seamlessly generate prepaid virtual cards up to five currencies. This is an ideal solution for clients who travel, shop frequently and want to shop online or pay outside Botswana. The five currencies are Botswana Pula, South African Rand (ZAR), British Pound (GBP), US Dollar (USD) and Euro (EUR).
Commenting on these virtual card solutions, Mr John Lalit D’Souza, Acting Retail Director said “Virtual Cards offer a contactless way to transact on tap to pay enabled POS devices and at e-commerce platforms from wherever you are. These virtual card offerings are in line with our values of innovation, customer centricity and responsibility. It’s about giving them control, safety and simplicity regarding how they transact here at home and abroad.”
With the launch of the Absa Virtual Card -Absa Pay and Multi-Currency Virtual Card offerings, Absa continues its strategy and commitment to delivering digitally innovative solutions that simplify banking, enhance financial inclusion and empower clients to live their best lives.
The Absa Virtual Card solutions are available immediately on the Absa Mobile Banking App. Expanding and tied to Absa’s latest product offerings, is the Play Your Card Right customer promotion that will reward clients who swipe their Absa credit or debit cards for P500 or more and stand the chance to win up to P10,000 cashback or drive away with the grand prize of one of two Suzuki brand-new cars. This is Absa’s way of rewarding clients who are embracing our card offerings.
