Mama Money and Cambridge
African Remittance Company Joins Forces with Western Union
Mathieu Coquillon, co-founder of Mama Money Local money transfer company, Mama Money has joined forces with cross-currency money movement and payments company, Western Union. The partnership enables Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network. “When the April lockdown hit, we saw a massive drop in remittances leaving South Africa due to the restrictions on movement to paying for money transfers and uncertainty. Remittance outflows for certain countries dropped by 90%. However, we’ve seen a very swift recovery since May as economic activities began to resume,” says Mathieu Coquillon, co-founder of Mama Money. Since 2017, Mama Money has grown by over 10 times – starting with six employees to over 120 staff members today. This str...
