Customers can now experience the ease of sending and receiving money for a mere R8.50 per transaction with Mr Price Money’s latest offering – the Money Transfers service. This innovative addition to their array of value-added services is a testament to Mr Price Money’s commitment to understanding and addressing their customers’ unique needs and challenges.
The Money Transfer service is designed to facilitate straightforward person-to-person cash transfers, independent of the recipient’s banking details or even the existence of a bank account. An affordable transaction fee of R8.50 is all it takes, reinforcing the value-centric ethos of the Mr Price Group by offering the most economical retailer-based cash transfer fee available.
Now accessible from all Mr Price and Sheet Street stores across South Africa, this service lets customers handle their money transfers conveniently during their regular shopping trips. With over 700 stores collectively, the service is readily accessible to many.
The transaction process is not only rapid and straightforward but also secure, thanks to the backing by Absa. This collaboration also enables customers to withdraw cash from any of Absa’s 6,000 ATMs throughout South Africa, enhancing convenience even further.
Praneel Nundkumar, the Managing Director at Mr Price Money, explains the dual benefit of this service, “Our Money Transfer service encapsulates the value-oriented differentiation that Mr Price is known for. This is achieved through a competitively priced transfer fee of R8.50 and by catering to a tangible and practical need in the market. Simply put, we offer customers what they require at the best possible price.”
The procedure is quite straightforward: customers simply go to the cash counter at any Mr Price or Sheet Street store with their ID, the cash they wish to transfer, and the R8.50 transaction fee. They then set up a 4-digit pin, and the transfer number is printed on their receipt. The service also allows customers to transfer up to R3,000 cash daily. Cashing out for the recipient is equally effortless, requiring only the unique transfer number and pin.
Mr Price Money, an authorized Financial Services and Credit Provider, is a division of the Mr Price Group Limited.
For further details on the Money Transfers service and to locate Mr Price and Sheet Street stores, visit mrpricemoney.com.
