Mana launches player-focused Neobank offering

Mana Interactive Inc. on Thursday, March 31, launched a payments and rewards platform for people who enjoy playing video games, which will include a Mana deposit account and the neo-banking solution of Mana Visa Debit Card which rewards the activities of gambling and shopping.

Mana’s unified neo-banking platform “gives players new incentives to engage in their favorite games and enjoy being rewarded for their daily purchases,” the company’s press release reads. Users can redeem their rewards through the Mana mobile app for game keys, gift cards, in-game currency and more.

Other benefits of the offer include discounts on game subscriptions and exclusive access to events, game hardware, betas and demos, according to the company’s press release.

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

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

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

Earlier this month, African neobank 4G Capital raised $18.5m in a Series C funding round, enabling the company to scale up its financing and training solutions for small businesses in Uganda and Kenya and expand digital channels and data science to complement its hybrid approach.

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



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