In our fast-paced world, mobile money is not just a convenience—it's a lifeline, especially for expatriates sending money to Africa. At Mama Money, we're dedicated to making these essential transactions as quick, affordable, and safe as possible. That's why we've partnered with leading mobile wallet providers like SmartCash, ensuring you can send money to Nigeria without any hassle.

Our partnership with SmartCash is already revolutionising how expatriates support their families back in Nigeria. Now, thanks to a strategic collaboration with Thunes, a global cross-border payment network provider, there's exciting news for Nigerians who use Airtel's SmartCash mobile money wallet.

SmartCash's New Remittance Service

SmartCash is stepping up its game by enabling Nigerians to receive foreign currencies directly into their mobile money wallets. This significant leap forward is made possible through a partnership with Thunes, a Singapore-based entity renowned for its efficient cross-border payment solutions.

Regulatory Changes and Implications

In a landmark move in July 2023, the CBN announced its approval for a naira payout option for diaspora remittance, a significant shift from the 2020 directive. Previously, international money transfer operators (IMTOs) and commercial banks were mandated to pay beneficiaries of diaspora remittances in foreign currencies. This was aimed at deepening the foreign exchange market in Nigeria. However, the introduction of the naira payout option—coupled with the innovative eNaira option—offers recipients more flexibility in how they receive their funds.

Benefits of the New Service

The partnership between SmartCash and Thunes introduces several key advantages for Mama Money users:

• Flexibility in Currency Choice: Recipients can now choose between receiving remittances in naira or eNaira, catering to individual preferences and needs.
• Convenience and Efficiency: The collaboration ensures transactions are processed swiftly, allowing beneficiaries in Nigeria to access their funds without unnecessary delays.

This strategic partnership between SmartCash and Thunes, backed by the recent regulatory changes by the CBN, is a game-changer for Nigerians both at home and in the diaspora. It exemplifies how digital platforms like Mama Money continue to innovate to meet the evolving needs of their users. With these developments, sending money to Nigeria has never been more accessible, giving you peace of mind that your loved ones back home can receive their funds safely and conveniently.

Partner Spotlight: SmartCash

SmartCash stands out in the fintech landscape as a visionary Payment Service Bank with a noble mission: to bridge the financial divide in Nigeria. Launched with the aspiration to bring banking services to both rural and urban Nigerians, SmartCash supports the Central Bank of Nigeria's drive towards universal financial inclusion. Based in Lagos, SmartCash aims to reach even the most remote corners of Nigeria, making financial services accessible to all.

Our partnership with SmartCash is a testament to our shared values of inclusivity, reliability, and convenience in financial transactions.

Benefits of Using SmartCash

Choosing SmartCash through Mama Money offers numerous benefits for those sending remittances to Nigeria:

• Ease of Use: SmartCash's user-friendly interface makes sending money straightforward and stress-free.
• Security: Advanced security measures ensure your money is safe from the moment you send it to when it's received.
• Lower Fees: Enjoy competitive rates that make sending money more affordable.
• Fast Transfers: Quick transfer times mean your loved ones can access funds without unnecessary delays.

This partnership significantly enhances the ability of Mama Money customers to send more money home, combining cost-effectiveness with unparalleled convenience.

Supported Countries

While SmartCash is a pioneering solution designed primarily for Nigeria, our collaboration ensures that Mama Money users can seamlessly send money to Nigeria. This service promises widespread acceptance within Nigeria and the assurance of a service tailored to the Nigerian market's unique needs and challenges.

How to Send Money with SmartCash

Sending money to Nigeria with SmartCash via the Mama Money app is easy:

1. Download the Mama Money App and log in or sign up.
2. Choose SmartCash as your preferred mobile wallet for the recipient.
3. Enter the Amount you wish to send and follow the prompts to complete the transaction.

Mama Money and SmartCash are here to revolutionise how you send money to Nigeria. With our joint efforts, we're not just facilitating transactions; we're connecting hearts and fulfilling dreams across miles.

Ready to make your next remittance to Nigeria faster, cheaper, and safer? 

Download the Mama Money app today, choose SmartCash for your transfer, and experience the difference. 
 

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

• Facebook
• Instagram
• Twitter
• LinkedIn

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

‍