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November 2024 pricing changes
November 2024 pricing changes
Updated over a month ago

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

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