User:Derek J Moore/sandbox/mama money

Mama Money

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Migrant workers use remittances to send money back home. Its only documented migrants can use formal channels to send money home.[1]Mama money was founded in 2015. They call themselves a "Social Business Money Transfer Operator."[2] Their vision is to make it possible for African migrants to send money home. They make cross border payments affordable, by lowering the cost. And FICA them with a phone [3]

History

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Mathieu Coquillon and Raphael Grojnowski formed MamaMoney in 2013[4]

Criticism and Risks

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Money remittance services are both wittingly and unwittingly drawn into money laundering activities.[5]Simply because of the large volume of funds that are transferred, illicit activity are undetected [6]

Reference

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| Mama Money

| The story of Mama Money

| International Money Transfers with Mama Money

| FICA with phone