The Safer Way to Save Wealth Through Akawo.
Digitizing traditional daily thrift with 100% bank-backed escrow, automated daily debits, zero paper cards, and zero collector risk.
100% Collector-Proof Security
Your money is never held by an individual or collector. Every contribution flows directly into bank-backed escrow accounts, eliminating fraud and giving you total peace of mind.
Digital Akawo Passbook
Your savings history is securely backed up in real time. Unlike physical paper cards that can burn, tear, or get lost, your records are permanent—meaning even if you lose your phone, you won't lose a single kobo.
Bank-Grade Security
MamaSave is built with bank-grade security protocols—including end-to-end encryption and automated settlement protection—ensuring your personal data and funds are strictly protected at all times.
Other Mama Products
3 more ways MamaSave grows your money.
Target & Automated Savings
Set a goal, pick a rhythm, and let card or bank debits run it. Lock options stop impulse withdrawals while your balance earns competitive yield.
- Card & direct bank debits
- Flexible or locked plans
- Daily-accruing yield
Turn-by-Turn Contribution
The thrift circle you already trust, digitised. Contributions are collected automatically and the payout order is fixed and verifiable — no organiser games.
- Automated collection
- Fraud-proof payout order
- Circle health tracking
MamaWallet
Send, receive, and manage everyday money instantly between your savings goals, savings circles, or bank account without paying a kobo in bank charges.
- Zero-fee bank transfers & instant wallet moves
- Instant settlement to any Nigerian bank account
- Real-time balance alerts & transaction tracking
Security
Peace of mind, engineered in.
Akawo thrift savings only works when trust and efficiency is absolute. MamaSave is built for trust, transparency, and data privacy.
No-Risk Collector Loss
Traditional Akawo relies on human collectors who can misplace cash or disappear. On MamaSave, member contributions flow automatically into secure bank-backed escrow—eliminating collector fraud and paper register loss completely.
Bank-backed settlements
Member funds settle through our partner CBN-licensed Bank and NIBSS — never through informal accounts. Every naira is traceable end to end.
Zero-knowledge data privacy
Sensitive identifiers are encrypted at rest and tokenised in transit. Our staff cannot read your credentials, and we never sell member data.
Insights
Latest from the MamaSave blog.
The History of Akawo, Ajo, and Esusu: How Traditional Thrift Built West African Markets
If you walk through the bustling aisles of Balogun Market in Lagos, Ariaria International Market in Aba, or Kurmi Market in Kano, you will witness hundreds of billions of naira changing hands every day. Heavy trucks unload containers of textiles, electronics, and foodstuffs, while traders negotiate deals in seconds. To an outsider, West Africa’s massive … Read more
Secret of the Worlds Wealthiest Tribes: Why Entrepreneurship Fails Without a Savings Culture
In almost every major global economy, specific communities dominate trade, real estate, manufacturing, and high-stakes commerce. People often attribute their legendary success to “luck,” “secret networks,” or superior business acumen. But if you look past the surface, you find a much simpler, undeniable truth: Their wealth wasn’t built on how much money they made. It … Read more
Is MamaSave Safe? How Bank-Backed Escrow & Cooperative Licensing Protect Every Naira
In Nigeria’s financial landscape, asking “Is my money safe?“ isn’t just a good question—it’s the most important question you can ask. Whether you are a market trader in Ariaria saving cash daily, a salary earner in Ikeja budgeting for rent, or an artisan in Kano running a weekly contribution circle, you work hard for every … Read more
Quick help
Answers before you even ask.
Is My Money Safe with MamaSave?
100% Yes. Your money is held securely in escrow accounts with our CBN-licensed bank partners—never in personal accounts. Every single naira contributed is instantly logged on your digital ledger. Not even the collection agents have access to your money!
Additionally, all field agents are fully KYC-verified, identity-checked, and monitored via real-time geofencing.
For our Turn-By-Turn groups, funds are protected by multi-signature payout controls, meaning payouts require automated approval from the group creator and randomly selected members before any money moves.
How Does MamaSave Daily Savings (Akawo/Ajo) Work?
MamaSave Daily Savings lets you build disciplined savings habits, one day at a time:
Set Your Target: Choose your daily contribution amount (e.g., ₦500, ₦1,000, ₦5,000), give your goal a name (e.g., "Shop Rent", "School Fees"), and select your cycle duration (7-Day Weekly or 30-Day Monthly).
Track Your Grid: Every daily deposit lights up a visual day grid on your dashboard so you can watch your momentum build in real time.
Automatic Sweeps: Fund your wallet and let our system automatically lock your daily amount every morning—no manual effort required.
Payout Day: When your cycle finishes (Day 7 or Day 30), your total saved balance is released straight to your wallet, minus one single, transparent management fee.
What Happens if my Agent Disappears with my Cash?
Your transaction is protected by our OTP Handshake system. Never hand cash to an agent without receiving and verifying your 4-digit One-Time Password (OTP) on the spot. Once the agent enters your OTP and the system validates their live GPS location, your account is credited instantly and logged on our central server. An agent cannot reverse or fake an OTP transaction.
Ready to automate your financial growth?
Join thousands of Nigerians saving, rotating and building wealth together — with the security of licensed bank settlement behind every naira.
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