Effective November 11th 2024, our monthly plans and pricing will be changing.
This article will summarize the changes, explain what it means for you, and advise you on what to do next depending the plan you are currently on.
Plans
We have simplified our monthly plans by reducing them from three different plans to only two:
Plan | Previous | Current |
Growth | Free | Free |
Premium | AED 149 per month | AED 99 per month |
Ultra | AED 399 per month | Replaced with Premium plan (a savings of AED 300) |
Growth (free)
Premium (AED 99 per month)
The Premium plan monthly subscription fee has been reduced from AED 149 to AED 99.
Pricing
Service | Previous | Current |
Payment collection | Growth: 2.9% + AED 1
Premium: 2.7% + AED 0.8
Ultra: 1.9% + AED 0.8 (up to card spend) | Growth: 2.9% + AED 1
Premium: 2.7% + AED 0.8 |
Same-day settlements | Growth: +3%
Premium: +1.5%
Ultra: +1.4% | Growth: +0.75%
Premium: +0.5% |
Domestic payouts | Growth: 10 free payouts per month AED 2.5 per payout
Premium: 20 free payouts per month AED 1.5 per payout | Growth: AED 5 per payout
Premium: AED 5 per payout |
Card limits | Growth: 1 free card per month AED 19 per month per card
Premium: 3 free cards per month AED 9 per month per card | Growth: Unlimited free cards
Premium: Unlimited free cards |
Cashback | N/A | Growth: 1% cashback*
Premium: 2% cashback*
* On non-AED spends |
You can now issue an unlimited number of cards for free on all plans
What does this mean for you?
You’ll start earning lucrative cash rewards for making non-AED purchases using your Mamo Cards.
You’ll be able to issue as many cards as necessary to as many people as necessary on your team, without worrying about card issuing costs.
You’ll be able to access cheaper payment processing rates and close the cash flow gap that your business faces much more cost-effectively using same-day settlements.
In short, your payment collection costs will go down and you will start earning rewards for using your Mamo Card for all purchases. Your finance team will thank you.
What you need to do next
What you need to do next
We recommend you take the following actions based on your current status and monthly plan:
Your status | Your monthly plan | Recommended action |
Existing customer | Growth | To save more money with Mamo, we recommend that you upgrade to the Premium plan if any of the following applies to you:
This is because the savings and cashback you stand to gain by making the switch will be higher than the monthly fee you pay for the Premium plan |
Existing customer | Premium | No action necessary. You will automatically start saving money and earning cashback due to the changes above.
Ensure that you take advantage of the recently same-day settlement options and the unlimited free cards to give everyone on your team a Mamo Card. |
Existing customer | Ultra | You will be automatically moved to the Premium plan.
Your net cost with Mamo will remain the same as long as you maximize the use of your Mamo Card on non-AED spends. |
Existing customer | Enterprise (custom plans) | Custom plans are unaffected by this change.
Please contact your Customer Success Manager if you notice any unexpected changes and we'll gladly assist. |
New customers | - | You will need to pick between a Growth or Premium plan when signing up.
Please contact sales if you would like to discuss our Enterprise plans. |