Monami is a new peer to peer solution for low-dollar remittances offering high confidence and high comfort at zero cost! Send home your dollars without paying remittance fees.
Explainer video script:
He loves working for a construction company in Dubai because it allows him to provide for his wife and five children in Kerala India.
Every payday, Yousuf goes to the local money transfer agency and waits in a long line to send his wife Fatima more than 70% of his salary. She needs this to pay bills and to buy food.
Fatima might wait days to receive the money, and Yousuf is charged on average a nine-percent transfer fee. Including long waiting time in line this adds up to more than 15 days of hard-earned salary.
Yousuf is just one of two-hundred-and-thirty million migrants who send home more than five-hundred-billion-dollars each year, paying remittance fees as high as twenty-percent! The system is broken. Something has to be done.
Monami is a new peer to peer solution for low-dollar remittances offering high confidence and high comfort at zero cost!
How does it work?
Yousuf buys a Monami voucher and forwards the 16 digit PIN to his wife Fatima, by telephone, email, SMS, or through the Monami App.
Fatima can immediately redeem the voucher at her local retailer and receive one-hundred-percent of the funds in cash and products! The retailer at which Fatima spends her money pays Monami for the privilege of having her as a shopper.
The 8 hours Yousuf spent sending money to his family is reduced to seconds.
And if there is a medical emergency, and Fatima needs medicine, Yousuf can send as little as $5 to be redeemed instantly at the pharmacy.
Start using Monami today and help us empower the world’s next billion!