The email content wasn't clear and only mentioned the dates for cashback, but all the changes are effective Nov 14 - except the monthly Premium fee which is effective from now. Some users are confused about this
We have made some changes to our pricing which will have a positive financial impact on your bottom line.
What is changing on November 15th 2024?
All the changes below will be effective November 14th 2024.
We’ve simplified our payment plans by reducing them from three to only two: Growth and Premium
Same-day settlements are now 75% cheaper across all plans
Domestic payouts will now cost a flat fee of AED 5 per payout across all plans
ATM withdrawals within the UAE are now only free on the Premium plan
We are introducing cashback on non-AED purchases made using all Mamo Cards
You can now issue an unlimited number of cards for free on all plans
What is changing immediately
The Premium plan monthly subscription fee has been reduced from AED 149 to AED 99
Summary of new pricing and plans
| Growth | Premium |
Monthly fee | FREE | AED 99 |
Transaction fee (UAE cards) | 2.9% + AED 1 | 2.7% + AED 0.8 |
Transaction fee (int’l cards) | +0.5% | +0.5% |
Same-day settlements | 0.75% | 0.5% |
Domestic payouts | AED 5 | AED 5 |
Mamo Card cashback on non-AED spends | 1.5% | 2.5% |
Number of free cards | Unlimited | Unlimited |
ATM withdrawals | AED 5 | FREE |
What does this mean for you?
If you’re on the Premium plan, your subscription fee changes immediately.
To save more money with Mamo, we recommend that you upgrade to the Premium plan if:
You collect more than AED 50,000 per month in payments; OR
You spend more than AED 10,000 per month on non-AED purchases using your card