How to safely send money to Nigeria with Mama Money
The Mama Money App makes it much safer and easier to send money to Nigeria and charges a flat fee of only R89 for any amount you want to send.
“We are working hard to support the Nigerian community in South Africa and with the Mama Money app your transfer is safe, secure and instant.” said co-founder Matt Coquillon.
“We have a large payout network across Nigeria with over 25 banks including Guaranty Trust Bank, First Bank of Nigeria, Diamond Bank, Zenith Bank and many more,” he added.
With Mama Money, you can rest assured that your money transfers are safe and guaranteed so that your loved ones can get #MoreMoneyHome.
Problems with the Informal Money Market
Many people still choose to send money across Africa via informal channels and agents who are not authorised to conduct international money transfers.
This is not safe or convenient for users because:
- Safety. These agents are not licensed companies and can easily flee with your money.
- Time. Traditional banks can take up to 5 days to process the transaction, and your informal agent can sometimes forget to even place the order, making it even more inconvenient for users. With the Mama Money App, the transfers are instant.
- Cost. Informal agents can charge you up to 15% in fees or more on your transfers. At Mama, the fixed fee is R89 no matter what amount you send.
- Ease-of-use. The Mama Money App is free to download and is very easy to self-register and use.
How to get the Mama Money App
- Go the Google Play Store and install the Mama Money app.
- Register in the app to start sending #MoreMoneyHome now.
How to register for free
- First, download the Mama Money app from the Google Play store by clicking here.
- Enter 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.
