Mama Money has officially partnered with Capitec to make it easier, safer, and more affordable for migrants in South Africa to send money home.
This powerful collaboration brings together Mama Money’s inclusive remittance platform and Capitec’s trusted digital banking services, creating a solution designed with people at its heart.
At its core, this partnership is about simplifying cross-border money transfers for the millions of migrants who support their families across Africa. By combining innovation with affordability, the collaboration ensures that more of every rand reaches the people who need it most.
Why This Partnership Matters
According to Statistics South Africa, more than 2.4 million migrants live in the country, many of whom send money home to support loved ones with essentials such as school fees, groceries, rent, or healthcare. Cross-border remittances are a lifeline—but for too long, migrants have faced high fees, complicated processes, and limited access to safe financial services.
This is the gap Mama Money and Capitec aim to close. Together, they offer a money transfer solution that is simple, transparent, and affordable. By reducing barriers, the partnership promotes financial inclusion and empowers migrants to care for their families with confidence.
For the past decade, Mama Money has championed inclusion in financial services. Since its founding, the company has focused on developing low-cost, user-friendly tools for migrants, ensuring that sending money is not only about transactions but also about building stronger, more connected communities.
What This Means for Capitec Clients
For Capitec clients from Kenya, Lesotho, Malawi, Mozambique, Uganda, Zambia, and Zimbabwe, sending money home just became faster and simpler. With the integration of Mama Money, clients can initiate cross-border transfers directly from their phones.
One of the standout features of the service is the Mama Money Token system. When sending money, recipients receive a unique token number, which they can use to collect funds from trusted payout partners in their home country. Importantly, recipients don’t need a bank account, making the system accessible to those who have been traditionally excluded from formal financial services.
This means no complicated paperwork, no long queues, and no hidden costs—just a straightforward, safe, and user-friendly way to move money across borders.
How It Works
Getting started is simple:
- Download the Mama Money app.
- Register using your ID or passport.
- Start sending money to loved ones in over 70 countries with transparent, low-cost fees.
Recipients can collect through Mama Money’s global payout network, which includes mobile wallets and cash pickup locations, ensuring flexibility. With this system, what clients see is exactly what their families receive—bringing peace of mind to every transfer.
Leadership Voices
Mathieu Coquillon, Co-founder and Director at Mama Money, explained:
“Partnering with Capitec allows us to extend our mission of financial inclusion and ensure peace of mind for millions of migrants who need an affordable money transfer service. This partnership is a game-changer for millions of families and individuals who depend on remittances for their daily needs.”
Francois Viviers, Group Executive of Marketing and Communications at Capitec, added:
“We live on a connected continent, where the age-old tradition of supporting family and community is a fundamental part of our culture. Yet, sending money across borders has been expensive, complicated, and stressful for millions. We see an opportunity to apply our ‘simple, affordable, and transparent’ banking ethos to this problem. Our clients work hard for their money, and they deserve a solution that safely and affordably delivers more of that money to where it’s meant to go.”
Why Choose Mama Money x Capitec
Low fees & no hidden charges – More of your money goes to your family.
Safe, regulated, and secure – Peace of mind with every transaction.
Accessible, multilingual app – Serving diverse communities across South Africa.
70+ payout countries – From Zimbabwe to Bangladesh, with trusted global partners.
Built for migrants – A solution designed with real needs in mind.
About Mama Money & Capitec
Founded in 2015, Mama Money set out to make money transfers more inclusive and affordable. Today, it helps people send money to over 70 countries across Africa, Asia, and Europe.
Capitec, South Africa’s largest digital bank, serves more than 24 million clients. With a reputation for simplicity, innovation, and low-cost banking, Capitec continues to lead in making financial services widely accessible.
Final Thoughts
This partnership is more than a new feature—it’s a commitment to people. By joining forces, Mama Money and Capitec are breaking down barriers, empowering migrants, and ensuring that sending money across borders is safe, simple, and affordable.
As Mama Money celebrates 10 years of impact, this milestone highlights the next step in building financial solutions that truly uplift communities—because behind every transfer is a family, a dream, and a future.
