Introduction
Paymentology, a leader in cloud-based payment processing, has announced the continuation of its strategic partnership with Union54, a prominent Zambian fintech company known for providing secure messaging and instant payment systems. This renewed collaboration is set to further Union54's mission of integrating communication with seamless financial transactions, particularly through its innovative platform, ChitChat.
ChitChat and the Introduction of a Virtual Mastercard
Building on the recent launch of Union54’s ChitChat—a messaging app that also functions as an integrated payment wallet—the partnership introduces a significant enhancement: a USD virtual Mastercard debit card. This new feature allows users to perform both in-person and online transactions directly through the ChitChat app, significantly expanding its utility.
Leveraging Expertise for Expansion
Union54, founded in 2021 by Perseus Mlambo and Alessandra Martini, has rapidly emerged as a key player in Africa’s fintech landscape. The company’s flagship product, ChitChat, not only facilitates communication but also supports a range of financial activities such as money transfers, currency conversions, and in-app payments. By leveraging Paymentology’s two decades of experience and its cutting-edge, API-driven payment platform, Union54 is poised to scale ChitChat across Zambia and other African markets during this critical growth phase.
The Growing Digital Payment Landscape in Zambia
This partnership comes at a time when Zambia’s digital payments sector is experiencing rapid expansion. With 16.4 million mobile connections, covering 78.7 percent of the population, and a projected annual growth rate of 16.12 percent in digital payments from 2023 to 2027, Zambia is well-positioned for financial innovation. The collaboration between Paymentology and Union54 aims to capitalize on this momentum, driving economic growth, fostering entrepreneurship, and enhancing financial inclusion throughout Africa.
Union54’s Vision for a Secure Digital Economy
Perseus Mlambo, CEO of Union54, highlighted the transformative potential of the internet for both individuals and governments. “Our goal is to create secure and efficient spaces for communication and transactions. Partnering with Paymentology provides us with the reliability, security, and scalability needed to elevate our offerings. This collaboration will empower our customers with the advanced tools necessary for seamless communication and financial transactions,” Mlambo said.
Paymentology’s Commitment to Supporting Innovation
Kirsten Wortmann, Africa Regional Director at Paymentology, expressed her excitement about deepening the partnership with Union54. "Supporting the ChitChat app at this critical juncture in its growth is a testament to our shared vision of empowering users with safe and efficient payment solutions. We look forward to continuing our support and delivering next-generation solutions to serve the African market," she stated.
