The only Akawo Savings that offers peace of mind.
With MamaSave, you are 100% certain that your savings won't disappear with a run-away collector.
Start a Daily Savings cycle
The difference
Why MamaSave Daily Savings is different.
Ordinary banks and wallets, informal collectors, and MamaSave — side by side.
| Feature / Benefit | Traditional Banks & Wallets | Informal Akawo Collectors | MamaSave Daily Savings |
|---|---|---|---|
| Daily discipline | ✕ No daily reminders or accountability | ⚠ Manual cards that can burn, tear or get lost | Digital paid-day grid with automated SMS/WhatsApp alerts |
| Fund safety & trust | ✕ High temptation for impulse withdrawals | ⚠ High risk of collector default or absconding | Bank-backed cooperative escrow & OTP handshake verification |
| Payout & fee structure | ✕ Hidden account maintenance and transfer charges | ⚠ Unclear deductions and disputed totals | 100% transparent fee with guaranteed maturity payouts |
The 3 pillars of MamaSave Daily Savings
Total Discipline
Stay consistent without relying on willpower. Track your progress with a visual paid-day calendar grid, automated daily debits, and instant reminders that keep you accountable to your goals.
Uncompromised Trust
Eliminate human risk. Your funds flow directly into bank-backed cooperative accounts. Cash deposits with field agents require a secure 2-way OTP handshake, backed by location tracking and verified market witnesses.
Automated Forwarding & Growth
Never leave money idle. Choose weekly (7-day) or monthly (30-day) maturity cycles. Once your savings mature, automatically sweep your funds into Turn-by-Turn Circles, WealthPot Fixed Deposits, or your MamaWallet with zero transfer fees.
How it works
Four steps from first naira to payout.
- 1
Set Your Goal & Cycle
Choose your daily contribution (from ₦500/day) and select your tenure — Weekly (7 days) or Monthly (30 days).
- 2
Select Your Payment Method
Pay through card auto-debit, instant bank transfer, USSD, wallet, or verified agent cash collection.
- 3
Mark Every Day Paid
Watch your interactive digital passbook update in real time. Each successful contribution turns your daily grid green.
- 4
Collect or Sweep Your Payout
At maturity, receive your full payout straight to your bank account, or automatically forward it into a new savings cycle, contribution circle, or investment pot.
Payment options
Flexibility built for everyone.
From bustling market stalls to smartphone apps — pay the way that suits your day.
Auto-Debit / Standing Order
Set it once and let your card or bank account fund your daily target automatically.
Agent Cash Collection with OTP
Hand cash to a verified MamaSave agent using a unique 4-digit OTP handshake to confirm payment on the spot.
MamaWallet
Move money instantly from your main wallet with zero transaction fees.
Direct Bank Transfer
Pay into a dedicated, personalised Virtual Bank Account provided for your cycle.
USSD Tap-to-Dial
Dial a quick USSD shortcode to save directly from any basic feature phone ("kpalasa").
Card Payment (Paystack)
Secure debit/credit card processing via the Paystack gateway modal.
HelpMePay Link
Generate a custom payment link for friends, family or customers to contribute toward your savings goal.
Calculator
Calculate your savings maturity.
Set your daily amount and tenure to see exactly what lands in your account at maturity.
Cycle Tenure
Forwarding Action at Maturity
Net maturity payout
₦29,000
Total saved
₦30,000
Service fee (1 day contribution)
−₦1,000
At maturity
Saving ₦1,000 every day for 30 days matures on day 30, and your ₦29,000 is forwarded automatically: To Bank Account.
Pre-loaded examples
| Daily Amount | Tenure | Total Saved | Service Fee | Net Maturity Payout | Next Action |
|---|---|---|---|---|---|
| ₦1,000 / day | Monthly (30 days) | ₦30,000 | ₦1,0001 day contribution | ₦29,000 | Auto-payout to Bank / MamaWallet |
| ₦2,000 / day | Weekly (7 days) | ₦14,000 | ₦60030% of 1 day contribution | ₦13,400 | Sweep to Turn-by-Turn Circle |
| ₦5,000 / day | Monthly (30 days) | ₦150,000 | ₦5,0001 day contribution | ₦145,000 | Sweep to WealthPot Fixed Deposit |
Trust & safety
Every naira accounted for, end to end.
Licensed Cooperative Structure
Operating as a registered, legally compliant financial cooperative entity.
Pearl Systems Tech Stack
Powered by military-grade encryption and audited financial infrastructure.
Verified Field Agents
Every agent undergoes strict KYC verification, live GPS location tracking and community vetting.
2-Way OTP Handshake
Never hand cash to an agent without receiving a real-time OTP confirmation SMS on your phone.
Market Witness Network
On-ground market leaders and elders act as secondary guarantors for community agent operations.
Bank-Grade Settlement Rails
Cash and digital collections settle instantly through CBN-licensed settlement banks and NIBSS rails.
Fees
Transparent fee structure.
One flat service fee per cycle. Nothing hidden, nothing deducted twice.
| Cycle Type | Tenure Length | MamaSave Platform Fee | Your Return / Settlement |
|---|---|---|---|
| Weekly Cycle | 7 Days | 30% of 1 day's contributione.g. ₦300 on a ₦1,000/day plan | 100% of remaining 6.7 days balance |
| Monthly Cycle | 30 Days | 1 day's contributione.g. ₦1,000 on a ₦1,000/day plan | 100% of remaining 29 days balance |
FAQ
Frequently asked questions.
Start your first Daily Savings cycle today.
Join thousands of people, market traders, artisans and smart savers building wealth, one day at a time.
Create Your CycleMamaSave: No Stories, Just Savings