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Where does Mamo store its customers' money?
Where does Mamo store its customers' money?
Updated over 3 months ago

Mamo partners with RAKBANK to store its client funds.

Inline with the regulatory requirements of our regulator, the DFSA, Mamo segregates its client funds from its own operational funds at all times.

Unlike banks, who typically lend out your deposits, Mamo ensures that 100% of its client money is accounted for and available at all times.

All of these processes and procedures are audited once a year by internal and external financial auditors to ensure adherence to local laws and regulatory policies.

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