PYMNTS-MonitorEdge-May-2024

Mana Launches Wait List for Gamer-Focused Neobank Offering

gaming

Mana Interactive Inc. on Thursday (March 31) introduced a payments and rewards platform for people who love to play video games that will include a Mana deposit account and Mana Visa Debit Card’s neobanking solution that rewards gaming activities and purchases.

Mana’s unified neobanking platform “gives players new incentives to engage with their favorite games and take advantage of being rewarded for everyday purchases,” the company press release says. Users can redeem their rewards through the Mana mobile app for game keys, gift cards, in-game currency and more.

Other benefits of the offering include game subscription discounts and exclusive access to events, gaming hardware, betas and demos, according to the company press release.

Mana will offer two types of accounts: the free Mana account and the subscription-based Mana Pro account, which includes a yearly subscription of $119.95 ($9.99/month) and offers increased rewards and exclusive perks in addition to a high-end metal card. Early adopters who sign up for Mana Pro during the wait list period can join the program for $69.95.

Consumers who register before the product launches this summer will receive a Day One badge on their Mana Rewards Account and the first 1,000 to sign up will receive 10,000 Mana Points to redeem in the shop. Mana is also hosting a waitlist program with increased rewards for early adopters based on how many people they introduce to Mana Pro and how well they interact with Mana on social media.

Related: Neobank 4G Capital Closes $18.5M in Series C Funding

Earlier this month, African neobank 4G Capital raised $18.5 million in a Series C funding round, allowing the company to increase its finance and enterprise training solutions to small businesses in Uganda and Kenya and expand digital channels and data science to supplement its hybrid approach.

The fresh capital will also allow 4G Capital to expand its retail finance service to help retailers and distributors increase sales. The company said it uses Kuza, a FinTech feature that allows distributors to provide entrepreneurs with 4G Capital’s credit, rather than traditional cash on delivery.

PYMNTS-MonitorEdge-May-2024