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Mama Money, a South African fintech, is transforming access to cross-border money transfers and financial tools for underserved communities.
Focused on affordability and security, it empowers migrants and individuals from countries like Zimbabwe, Malawi, and Nigeria to achieve financial independence by breaking down the barriers of traditional banking.
Key outcomes
720,000+
users empowered with simplified account management and financial transactions
Pioneering innovation
WhatsApp-powered banking solutions reduced barriers to financial access
Enhanced user control
Features like instant card freezing and seamless account access ensure security and convenience
Breaking down barriers for migrants
For many migrants, accessing financial services is an uphill battle. High fees, complex documentation requirements, and limited digital literacy often stand in the way of financial independence. Mama Money exists to change that. Its mission is clear: to deliver fast, affordable, and user-friendly financial solutions to underserved communities.
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In collaboration with Paymentology and Access Bank, Mama Money introduced a groundbreaking WhatsApp-integrated bank card. This innovation empowers users to:
- Send money internationally with confidence and ease.
- Purchase electricity and airtime in just a few taps.
- Access bank statements and balance updates instantly.
- Freeze cards immediately if lost or stolen.
By leveraging the familiarity and simplicity of WhatsApp, this solution removes the complexity of traditional banking and opens the door to financial freedom for thousands of migrants. It’s more than a tool, it’s a bridge to a better, more secure future.
How Paymentology powered Mama Money’s innovation
Partnering with Paymentology, Mama Money launched a banking solution that’s as seamless as it is secure - redefining financial accessibility for migrants. Here’s how Paymentology made it possible:
- Real-time connections: Robust API integrations enabled fast and reliable transactions, ensuring a smooth experience for users.
- User peace of mind: High security standards safeguard sensitive data, giving customers confidence in every transaction.
- Scalable growth: A flexible, compliant infrastructure supported Mama Money’s expansion into over 70 countries, helping reach even more underserved communities.
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At the heart of this innovation is the Mama Money Card, designed with affordability and accessibility in mind. For just R100 to set up and R25 per month to maintain, users gain financial freedom without the hurdles of traditional banking, no proof of address required. It’s a solution built to empower migrants, providing quick and affordable tools for a better financial future.
Delivering impact, redefining inclusion
- Inclusivity at scale: Thousands of underserved users now have access to the financial independence they deserve, managing expenses and sending money internationally with confidence and ease.
- Operational excellence: Backed by Paymentology’s infrastructure, users benefit from fast, reliable transactions that deliver peace of mind every time.
- Global growth: With operations spanning over 70 countries, Mama Money has solidified its role as a trailblazer in financial inclusion, reaching more communities than ever before.
Find out what Programme Management can do for you
Discover how Paymentology’s solutions can help you design, launch, and scale impactful card programmes that deliver real value to your customers.
