Zambia’s Digital Economy Leaps Forward with MoMo Virtual Mastercard

By Daily News Reporter

Zambia’s digital economy has entered a new era. On December 18, 2025, the MoMo Virtual Mastercard was officially launched, marking a milestone in the country’s journey toward financial inclusion and global digital participation.

For the first time, Zambians can make secure international payments without the need for a physical card. Accessible via USSD and the MoMo App, the Virtual Mastercard empowers citizens to shop online, pay for services, and transact across borders—breaking geographical barriers that have long limited access to global markets.

“This is a national milestone,” declared Hon. Felix Chipota Mutati, Minister of Technology and Science, at the launch. He emphasized that the innovation aligns with Zambia’s Digital Transformation Strategy, which focuses on universal connectivity, interoperability, trust, progressive reforms, and partnerships.

For Zambia’s entrepreneurs, small businesses, and creators, the Virtual Mastercard is more than a financial tool—it is a gateway to opportunity.

MoMo CEO Komba Malukutila highlighted how the product enables local businesses to earn, pay, and transact globally without leaving their communities. “This empowers Zambians to participate in the global economy while staying rooted in their local environments,” he said.

The launch reflects Zambia’s broader vision of combining visionary leadership, enabling policies, and strong partnerships to drive inclusive growth. By ensuring accessibility for all users—whether through smartphones or basic mobile phones—the Virtual Mastercard is designed to democratize digital finance.

With this innovation, Zambia positions itself as a rising player in the digital economy. The MoMo Virtual Mastercard is not just about transactions—it represents a shift toward digital empowerment, where every citizen has the tools to connect, compete, and thrive in a globalized world.