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PODCAST: The Co-Founder of Mamo Drops The Deets On The New Way Of Transferring Money
PODCAST: The Co-Founder of Mamo Drops The Deets On The New Way Of Transferring Money
On today’s episode of Dubai Works we’re joined by Asim Janjua, the founder at Mamo. A UAE-based Fintech start-up that is set to change the future of payments and finance in The Middle East. By giving its users effortless access to their money, through an application that demonstrates simplicity, empathy, and utility.
2 former Google engineers and designer, had the idea to start their own fintech company based on the issues they were facing with splitting costs and transferring money online. Mamo was born and the rest is history! The company launched in 2019 with users being family and friends until it expanded to what it is today. Users are able to drop money into the Mamo wallet or simply link their debit and/or credit cards to the app. Transferring money will then take a few seconds.
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P.S. They’re continuously adding features like sending payment requests to those who owe you money, even in groups. A Mamo virtual card is also on the way to allow users to tap and pay via Apple Pay, Samsung Pay, Google Pay or any other wallet.
Asim Janjua explains how Mamo’s transfers are different from regular banking services
During the peak of the pandemic and especially during the lockdown period, users of the apps, particularly those who worked virtually were then able to collect their payments in a much faster way. Traditional banking apps can take hours or days to verify a beneficiary and actually send the money across to different bank accounts. Mamo reduces that time to a matter of seconds! Say goodbye to long and complicated IBAN’s.
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