April 11, 2024

India Money Transfers Made Easy with Mama Money

Take a leap into the world of simplicity with Mama Money in your international money transfer journey. Whether for education, healthcare, personal needs, or investments, your loved ones in India can receive their money rapidly, securely, and without complexities. With Mama Money, sending money from South Africa to India is as easy as pie!

India, a vibrant country known for its rich heritage and diverse cultures, is also the world's largest remittance receiver. Thousands of Indians residing in South Africa regularly send money back home, fueling a key income stream for many Indian households. According to the World Bank, remittances to India reached a staggering USD 83 billion in 2020, underscoring the importance of these funds for India's economy.

 

Challenges of sending money to India 

Despite the frequency of such transfers, sending money to India often comes with challenges, such as high transaction fees, long processing times, complex procedures, limited payout options, and security concerns. 

 

Mama Money is here to tackle these issues head-on, offering a secure, fast, easy-to-use service with a competitive fee structure.

  1. High Fees: Traditional banking systems and other remittance services often charge high fees, which could include a flat transfer fee and an additional percentage of the total amount sent. This means the more you send, the more you pay.
  2. Long Processing Times: It could take several days for the money to reach India with traditional money transfer methods due to the various checks and balances that financial institutions follow. This can be particularly inconvenient in emergencies when funds are needed immediately.
  3. Complex Procedures: Traditional banks and money transfer services often require extensive paperwork and identification from both the sender and the receiver, making the process tedious and time-consuming.
  4. Limited Payout Options: Access to traditional banking institutions may be limited in some rural parts of India. This can force recipients to travel long distances to collect their money.
  5. Security Concerns: International transfers may pose security concerns around the interception of sensitive information, potential scams, or the safety risk of carrying large amounts of cash.

Mama Money addresses these challenges with a secure, quick, easy-to-use service with an affordable fee structure. With various payout options, recipients in even the most remote parts of India can receive their money directly.

Our mission is to make the process as effortless as possible, allowing you to concentrate on what truly matters: supporting your loved ones.

 

Our payout partners in India 

Mama Money has partnered with several banks in India, including Axis Bank, Bank of India, Canara Bank, State Bank of India, Punjab National Bank, and many more. Additionally, we have partnered with Western Union for those who prefer cash pickup.

 

Bank Account Transfer:

  • Axis Bank: One of India's largest private sector banks, Axis Bank has a vast network of branches across the country, ensuring your loved ones can receive money directly in their bank account no matter where they are.
  • Bank of India: As one of the top 5 banks in India, Bank of India has an extensive presence across all states, making it a reliable partner for direct bank transfers.
  • Canara Bank: With over 6,000 branches, Canara Bank offers extensive coverage, ensuring the convenience of direct transfers to bank accounts.
  • State Bank of India: As the largest bank in India, the State Bank of India provides unparalleled accessibility, making it an ideal partner for Mama Money's direct bank transfers.
  • Punjab National Bank: With a strong presence in urban and rural India, Punjab National Bank offers reliable and accessible services for direct bank transfers.

Cash Pickup:

  • Western Union: For those without access to a bank account or who prefer cash pickup, Mama Money has partnered with Western Union. With its expansive network across India, funds sent through Western Union can be picked up in cash from any Western Union location, providing a convenient solution for those needing immediate cash.

 

These partnerships offer numerous benefits to Mama Money customers, such as:

  • Accessibility: The banks and Western Union have a wide reach across India, making funds accessible even in remote areas.
  • Speed: Transfers are made in real-time, a crucial aspect during emergencies when immediate access to funds is required.
  • Security: Direct bank transfers and Western Union transfers are safer than carrying cash, significantly reducing the risk of theft.
  • Flexibility: Recipients can use the money directly from their bank account or pick up cash from a Western Union location.
  • Cost-effective: Since Mama Money customers can send funds directly to these banks or Western Union, it saves recipients the often high costs associated with withdrawing money from other money transfer services.

Through these strategic partnerships, Mama Money strives to make sending money to India as simple, fast, safe, and affordable as possible.

 

If you're new to Mama Money and wish to create an account with us, follow these four simple steps:

1. Register an account

Download our Mama Money App from the Google Play or Apple App Store,

2. Upload your documents

Upload a clear photo of your Passport, ID, or Asylum / Refugee documents. Take a selfie using the app. Your account will be activated in less than 24 hours.

3. Enter the recipient's details.

These details include their name and mobile number.

4. Pay for your transfer.

Select your preferred payment method and press "confirm & send." 

 

How long will it take for my money to arrive?

  • Transfers to cash collection are sent within minutes.
  • Transfers to bank accounts, on average, take 5 hours to be received but can take up to 48 hours to reflect, depending on the recipient's institution.

 

What customers say about Mama

"Mama Money is the best service ever, It's faster and cheap. I will recommend it to family and friends." - Esmie Manda

"Mama money is best platform to send money home direct to loved one account number without additional exchange rate chargers. With mama you can send money to your loved ones without delay. I use mama money because they send money to recipients account number without converting from dollar to local currency. For that reason I will be keep supporting mama money" - Hugo william

Need help? Mama is here.

To learn more about how to send money from South Africa to several other countries worldwide, follow Mama Money and learn all about our international money transfer services via

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Should you have any questions that are not covered above, please contact Mama via WhatsApp on +27661041097.

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