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South African Fintech, Mama Money Partners Western Union, Expands Global Reach

South Africa's much loved and rapidly growing international money transfer company, Mama Money has partnered with Western Union to enable its customers to send money to their loved ones around the world via Western Union’s Global Network.

Ola Olaoluwa
Ola Olaoluwa

South Africa's much loved and rapidly growing international money transfer company, Mama Money has partnered with Western Union to enable its customers to send money to their loved ones around the world via Western Union’s Global Network.

This collaboration will gear Mama Money’s more than 500,000 customers in South Africa to send money from their smartphones for payout into billions of bank accounts in over 100 countries around the world or in cash at Western Union Agent locations across more than 200 countries and territories.

Customers can pay for transactions within the Mama Money app via direct transfers from their bank accounts or through a vast cash-in network at all major retailers in South Africa, providing a convenient and user-friendly experiences.

Speaking on the development, Western Union's Regional Vice President, Africa, Mohammed Touhami El Ouazzani, said;

“Western Union is excited to work with Mama Money to connect customers with their loved ones around the world. Innovative collaborations such as these will continue to shape global business models while enhancing customer experience and retaining their loyalty,”

So far, Mama Money has partnered with every major retailer in South Africa, making it easy for customers to pay at over 60,000 cash-in points such as any Shoprite or Pick N Pay outlet across South Africa. Small business owners with a Flash or Selpal device can also accept Mama Money payments, making it even easier for customers who may not have access to a major retailer.

“With this collaboration, we are enabling customers to reach out to their loved ones in their times of need – for essentials like food and medicine to building materials for housing and school fees,” added Mathieu Coquillon, Co-founder, Mama Money.

Macroeconomic View of South Africa

Region: Southern Africa

Population: 59.6 million

GDP per capita: $6,193

GDP per capita rank: 89th of 194 countries

Life expectancy: 64.12 years

Financial inclusionReport

Ola Olaoluwa

Writer | Economist | Actor | Fashion Entrepreneur