How cheaper, safer money transfers advance freedom in Africa
- Africa and Asia are the most expensive regions in the world to send money to with fees up to 30% according to the World Bank.
- Most major banks in South Africa charge over 20% in fees on money being transferred across Africa.
- Mama Money is bringing down the cost of remittances to as low as 3% and already has over 500,000 users.
When it comes to international money transfers, it’s the poor who pay the most.
There are millions of Africans and Asians living in South Africa who send money home to their families for essential needs from food to school fees, and many still rely on taxi drivers or couriers to deliver the cash physically to their loved ones.
This is because South Africa is the most expensive country for cross-border payments with major banks charging over 20% in fees, but Mama Money charges as little as 3% and is safe, secure and easy-to-use.
Mama Money promotes financial inclusion by making it cheaper for Africans and Asians to send more money home, and this gives your family the freedom to spend more on the essential things they really need.
How to download the Mama Money App
- Go the Google Play Store and install the Mama Money app.
- Register in the app to start sending #MoreMoneyHome now.
https://www.youtube.com/watch?v=h2fvwlRE2as
How to register for free
- First download the Mama Money app from the Google Play store by clicking here.
- Enter in your name and number.
- Take a clear photo of your passport or ID document and submit it using the Mama Money app.
- Take a selfie of you holding your passport or ID document next to your face and submit it using the Mama Money app.
Your account should then be activated within 24 hours and you can start sending more money home for less, right now.
About Mama Money
Mama Money was founded in 2013 and is a registered financial service provider licensed by the South African Reserve Bank.
Mama Money offers the lowest international money transfer rates in South Africa with fees as low as 3%.
Mama Money operates in 12 countries including Zimbabwe, Ghana, Nigeria, Uganda, Kenya, Malawi, Senegal, Cameroon, India, Bangladesh, Pakistan, Mozambique and DRC launching soon.
All you need is a passport or ID document to sign-up now, simply download the app or contact Mama Money here to get started.
