Monami Information

Monami is a P2P solution that disrupts the global remittance market, by integrating retailers and money transfer networks. We allow instant global transfer of funds, with high confidence, high comfort and at zero cost. There are over 230 million migrant workers in the world sending home over US$500 billion annually. According to the World Bank, the global average total cost of sending money across boarders currently stands at 9% and in some corridors it is as high as 20%. When you have family that relies on your support every dollar counts. Our mission is to empower the next billion consumers. We do this by providing a commission-free, secure, and instant way to transfer funds home, because we know it's about more than the money. Monami is about enriching families' lives and their communities - enabling migrant workers to provide more for their families back home and driving demand for our partner merchants. Monami's proprietary technology allows workers abroad to buy a voucher and send it to their loved ones at home. Their families can then spend this voucher on goods and services, and redeem a percentage as cash for other needs. Our retail partners absorb the transaction costs and benefit from increased demand - the next billion consumers - at their stores.