What currency does Mamo keep my funds in?


Mamo keeps its customer’s funds in AED only and does not translate them into any other currencies. The funds are protected in a designated account with a regulated financial institution authorized to accept or take deposits. This account holds only Mamo’s customer funds, and Mamo ensures this money is never used for operational or lending purposes. Learn more in our Terms and conditions for Mamo Pay and Mamo Pay for Business.

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