Johannesburg – Mr Price shoppers can now send and receive money for only R8.50 per transaction. Money Transfers is the latest service to join Mr Price Moneys growing list of value-added services.
One of the ways Mr Price Money adds value to its customers is by getting their needs and knowing their challenges.
This money transfer service will allow for person-to-person cash transfers regardless of who they bank with or whether they have a bank account.
The sender pays a fee of only R8.50 per transaction and, true to the Mr Price Groups value roots, this is the lowest fee out there for sending cash via a retailer.
The Money Transfers service is now available in all Mr Price and Sheet Street stores across South Africa.
Shoppers can send and receive cash during regular shopping trips for added convenience.
Mr Price and Sheet Street have a combined store footprint of 700 stores, making the service very accessible.
The process is quick, easy, and safe and its backed by Absa. The partnership allows customers to cash out at any of 6 000 Absa ATMs around South Africa.
As the financial services division within the group, Mr Price Moneys products have typically been targeted toward account customers.
Money Transfers, and the VAS suite, will allow the division to extend its product and service offering from account customers to the cash base, as part of its five-year vision.
The value-based differentiation, so fundamentally associated with the Mr Price brand, is twofold when it comes to our money transfer service,” says Praneel Nundkumar, managing director at Mr Price Money.
“Firstly, its in the price – at only R8.50 per transfer. And secondly, it meets a very real and practical need within the market. Simply put, its about bringing customers what they need at the very best price.
The entire process is simple. To use the service, customers head straight to the cash desk at any Mr Price or Sheet Street store with their ID, the cash they want to send and their R8.50.
They will create a four-digit pin and the transfer number will be printed onto their till slip.
They have the option to send up to R3 000 cash a day.
Cashing out is just as easy for the recipient, using the unique transfer number and pin.
Mr Price Money is a division of the Mr Price Group Limited and an authorised Financial Services and Credit Provider.
For more info on Money Transfers and to find a list of Mr Price and Sheet Street stores go to http://www.mrpricemoney.com
