Staying safe is the global motto for 2020. And as advised by the World Health Organisation, the best safety strategy is to stay home as often as we can — until science or nature find a lasting solution to the Coronavirus.
In our quest to find the safest way to live, we have found that you can buy anything online: groceries, clothing, cake and even house plants! While shopping online is often more convenient than the norm (and better for your sanity if you live in Nigeria 😭), it can be even more rewarding when you have a virtual card.
What are virtual cards? 💳
Virtual cards are similar to a regular physical ATM card in that it can do everything your average card can do, but it offers convenience, security and ease that a physical card cannot.
Once you set up your gomoney account, you can order a virtual debit MasterCard from your app and get one in no time! The card can be used for international payments (online stores like Amazon and Asos) and local payments (Uber, Taxify, Jumia, etc), On your phone, quickly and without stress. You can even set up recurring internet subscriptions like Netflix, Apple Music, YouTube Music — any payment, any time!
Unlike an atm card, a virtual debit card is on your phone and impossible to lose. Physical cards force you to re-enter all details once you block the card, but a virtual card eliminates the need for that.
All about gomoney security 🔐
Virtual cards are secure by default. To be authorised to issue one, every provider undergoes extensive reviews. And gomoney bank accounts are even safer since you can freeze, unfreeze and block your bank cards at your liberty.
If you suspect that you have shared your card details on an unsafe platform, instead of blocking your card and ordering an entirely new one, you can keep the money in your gomoney bank account safe by temporarily freezing your virtual MasterCard while you investigate. Once you’re safe, you can unfreeze or block the card and get a new one instantly!
Also, your card is protected by your phone’s security, your gomoney login passcode and your PIN. So if you lose your phone, you don’t have to worry about your card details being compromised!
Skip the forex wahala by paying in NGN 💸
gomoney cards also help you avoid the risk of your money being caught in the forex fluctuation war while making international subscription payments to Apple music or Netflix by paying with your virtual naira card. To make payments in Naira, select “local currency” when asked for your preferred payment option.
Enjoy free trials 😌
If you’ve ever signed up for a free trial on Netflix or Apple Music or professional tools like Adobe, you’re familiar with the free trial trope. If you haven’t, here’s a summary: You get a few weeks to enjoy services reserved for paying users for free. You are asked to enter your card details and, when the trial is over, you’re charged for the following month and you have the duration of the trial period to cancel the subscription to avoid being charged.
You can also skip the hassle of remembering to cancel your subscription by freezing or deleting the card once you’ve successfully accessed the service you need. Save money with gomoney 🌚
Stay on Top of Your Spending 📊
gomoney helps you monitor and understand your spending habits using the Reports feature and the “Spending Categories”. When you use your gomoney cards (Virtual and Physical*) our transaction enrichment provides you with additional details on the merchant you’ve spent with like their logo, address, etc and we track every payment over time.
Together with your other transactions, tracking your payments gives you insight into understanding your spending habits.
How to get a custom card on your gomoney account
All you need is your mobile phone and a gomoney account-- your first card is completely FREE
To create a card all you need to do is:
Verify your BVN to become a Tier 2 customer by clicking on the circle in the top left corner of your home page and following the easy steps! (
if you have, skip this part!
Go to the home page of your gomoney app and swipe left to the second section of the page.
Tap on the ‘Get a card’ and create your PIN
Start spending instantly! 😊
How to use your card
Unlike a virtual wallet, you don't need to top up your gomoney virtual card separately. As soon as you fund your gomoney account, your card is ready for use. To use, simply:
Swipe to your cards page
Select Show Card Details and enter your passcode
Your details will be revealed and as long as you have enough money in your gomoney account, your payment will be made instantly.
Remember that virtual cards only work on virtual stores, internet-focused payments and online platforms—anywhere you don't have to swipe
Physical debit cards are coming soon!
You'll be able to create and order a physical card on your gomoney app, too! Your physical card will also be linked to your gomoney account so you can have a complete overview of your spending and get the best out of our transaction enrichment feature. They work for virtual and physical payments.
Don’t have a gomoney account? Download the app at gomoney.global/app and open an account in 3 minutes or less and credit your account via bank transfer. Once you do, you can create a card and enjoying banking you deserve!
Until next time,
The gomoney team 💙