Mukuru Launches Account and Card to Expand Digital Banking Services in South Africa

The new account combines everyday banking services with Mukuru’s existing remittance offering, allowing customers to receive salaries, make local payments, shop and send money across borders through a single account.

Mukuru has launched the Mukuru Account & Card in South Africa, expanding its financial services beyond remittances and prepaid cards. The product is offered in partnership with Bank Zero, the licensed sponsor bank, and is enabled by Paymentology and Mastercard.

Customers can use the Mukuru Account to send electronic funds transfers (EFTs) and real-time payments to any bank in South Africa, receive salaries and other incoming EFT payments, spend up to R150,000 per month, make purchases online and in stores, and withdraw cash at reduced ATM fees. The account also provides access to credit facilities and exclusive discounts on money transfers across Africa.