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"Technically, the money does not leave the country. Therefore there are no foreign currency considerations."
"Does a Mo Mo Transaction fall under the Foreign Currency regulations of Central Banks?"
"Mo Mo is not a bank or other financial institution.
Mo Mo is a social media network that brings together people from all over the world to send/receive money worldwide without the hassles, restrictions and high fees usually associated with banks and…"
Mo Mo is a social media network that brings together people from all over the world to send/receive money worldwide without the hassles, restrictions and high fees usually associated with banks and…"
"Is the Mo Mo Network a bank or other type of financial institution?"
"The Administrator of the Mo Mo Network does not get involved in transactions. The Senders must contact each other to conduct their own due diligence. Senders must also engage in the following optional best practices to minimise risks.
Request a…"
Request a…"
"For the most part, cash is the method of payment to Receivers.
However, Senders may request that payment is made to the local bank account of the Receiver. In the event, a copy of the bank deposit transaction is required to confirm payment."
However, Senders may request that payment is made to the local bank account of the Receiver. In the event, a copy of the bank deposit transaction is required to confirm payment."
"There is no limit. However we do not recommend that you do single Mo Mo Transactions with large sums of money. If you have a large sum of money to send, we suggest you do multiple transactions with different Senders to reduce the risk.
If you have…"
If you have…"
