Mama Money is the world’s first social business money transfer operator. The inspiration to start the business came from an aid worker who was inspired to start a company that directly tackled a social problem; the high costs of international money transfer to countries around Africa- the most expensive in the world.
Mama Money is designed to help African migrants who left their homes in search of better opportunities.
The transfer facility, which is licenced by the South African Reserve Bank (SARB) allows users to send money using their phone or computer 24/7. The company uses the advances in modern technology to provide a purposeful and low-cost money transfer solution.
By using the Mama Money Telecash service, users are able to create an order and make cash payments.
How to send money
Using the service, payments can be made at Ackermans, Checkers, Pep, PicknPay, Spar, Shoprite and USave.
To register for Mama Money Telecash, you need to first register. This can be done in Cape Town, Durban, Johannesburg, Tshwane and Pep Stores.
The order can be completed electronically. You can then transfer the exact amount of Rand into one of Mama Bank’s accounts.
Your order is valid for 24 hours.
These days there are various options for transferring money. This becomes especially useful for individuals who cannot afford or don’t have a bank account. Money transfer options in South Africa are available through numerous entities including the likes of Checkers, Shoprite, Pep and Spar.
On the African continent, where there are a large number of unbanked individuals, a service like Mama Money Telecash makes it much more convenient to send and receive money without a bank account. Mobile technology has made this process and with the upswing in mobile penetration in the market, more people will have access to convenient money transfer solutions.
For more information about Mama Money Telecash, call: 021 202 5420