Mama Money, a local money transfer agency, has partnered with Western Union to widen its reach and extend its services beyond Africa. The partnership allows Mama Money’s customers to transfer money to friends, families, and business partners around the world through Western Union’s Global Network.
At first, Mama Money was limited to Zimbabwe. Now, the fintech company covers more than fifty countries providing services to Africa, Asia, and Europe.
Mama money has grown over ten times since its launch in 2017. The company started with about six employees and has over 120 staff as of today.
The company attributes its rapid growth to its ability to provide the public with a simple, secure, and convenient means of sending money abroad at low costs.
“Due to the restrictions on movement when the lockdown law was enforced in April, we experienced a massive drop in remittances leaving South Africa. In certain countries, remittance outflow dropped by 90%. However, we have experienced a speedy recovery since the resumption of economic activities in May,” says Mathieu Coquillon, co-founder of Mama Money.
The company mentioned that its partnership with Western Union is to speed up the growth of Mama Money in the international money transfer industry. The firm further claimed that over 500,000 South African customers would be able to send money from their phones to more than 200 countries in the world soon.
To make use of the Mama Money funds transfer service, intending customers need to get the Mama Money mobile app and register by uploading pictures of their ID, passport, refugee status or asylum documents.
Once your documents are approved, then you can start enjoying the services of Mama Money.
The Mama Money app is available on the Google Play Store and Apple App Store.