A payment is the exchange of money for a service or product. Payment is made via banknotes and coins (cash), deposits and credit on an account by a financial institution or a similar institution.

A remittance is a sum of money transferred from another party as a payment or gift. It is often used to describe a sum of money sent by someone working abroad to their family back home. 

How does a remittance work?

Remittances work just like payment; both parties need a bank account or access to a service to transfer money. 

Mama Money offers international money transfers from south africa to customers worldwide. Sending money home can be done through an online transfer, cash or cheque, credit, debit, or prepaid card. 

When sending a remittance, it is essential to take note of the exchange rate to send your money home at the best rate. You can use the Mama Money calculator to check the rates. Mama Money does not have hidden costs, all costs are shown upon order request, and the recipient does not have to pay in the receiving country to collect funds.

What are the benefits of using remittance

• The money goes directly to the receiver, which reduces the risk of theft
• The money is received quickly, which is helpful in times of emergencies 
• The funds received can be used for education and health care, which may not have been possible without official aid 

What is proof of remittance?

Remittance advice is proof of payment that a customer will receive that verifies they have paid a certain amount of money. With Mama Money, your remittance advice is stored electronically on our mobile app. 

How to send a remittance using the Mama Money app

Send a money transfer directly to a loved one with your Mama Money app:

1. Log in to the Mama Money App and select "Send Money"
2. Choose the recipient to who you are sending money
3. Enter the amount you would like to send and press "Next"
4. Select your preferred payment method and press "Confirm & send.

Many customers who use the Mama Money app want a fast and reliable service as they send money internationally for important reasons such as school fees, healthcare, housing, and general family support. 

Customers can also use the app to send monetary gifts, especially for important events like Ramadan, Eid, Easter, Christmas, birthdays, and many other moments worth celebrating. 

Our customers have families in many different countries that they support, so it is essential that the money arrives quickly and safely. 

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, or LinkedIn.

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

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