Priya Patel
TLDR:
- Zambia-based FinTech Union54 partners with Mastercard to launch ChitChat, a social commerce app with integrated digital wallet features.
- ChitChat enables users to send money to digital wallets within chats and will offer USD Debit Cards by Q2.
Zambia-based FinTech Union54 has partnered with Mastercard to launch ChitChat, a secure chat platform with integrated digital wallet features. ChitChat enables users across Africa to chat with each other over an encrypted platform and send instantaneous USD payments to friends and family within chat conversations. The platform also offers USD Debit Cards by Q2.
Perseus Mlambo, CEO of Union54, expressed excitement about ChitChat’s launch in Zambia and the introduction of the digital wallet feature. He emphasized the platform’s commitment to being a safe and secure place for social commerce and highlighted the goal of accelerating commerce across Africa.
ChitChat’s card and wallet features mark the first steps toward becoming an online/offline platform for social commerce. Users can currently send funds to each other’s wallets and will soon be able to complete transactions in person using their ChitChat card. Additional features, such as group wallets, are expected to roll out in the future.
In conclusion, FinTech Union54’s launch of ChitChat represents a significant development in the African digital payments landscape, providing users with a secure platform for social commerce and seamless money transfers.
