This archive report was first published on 4 July 2020.
On July 4, 2020, Mama Money, a fast-growing international money transfer company based in South Africa, announced a partnership with Western Union to expand its global reach.
Mama Money, founded by Mathieu Coquillon and Raphael Grojnowski, has over 500,000 users in South Africa who can now send money to recipients in over 100 countries worldwide using their smartphones.
Recipients can also receive cash at any of Western Union's agents in more than 200 countries, providing a convenient and user-friendly experience for customers.
Western Union's Regional Vice President, Africa, Mohamed 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.”
According to Mathieu Coquillon, one of Mama Money's co-founders, the novel coronavirus had a significant impact on remittances in the country, with a 90% drop in remittance outflows for certain countries in April. However, the company has seen a swift recovery since May as economic activities resumed.
