O’mari Mahala Bundle offers free transactions for $1 a month. Good deal or nah?

Leonard Sengere They say imitation is the best form of flattery, so I guess that means O’mari adulates InnBucks. It appears the flat fee for unlimited transactions model is the new hotness. All is fair in business; let them inspire each other.

Earlier this month, O’mari introduced what they are calling the O’mari USD Wallet Mahala Bundle. It works like this: You buy a monthly bundle for just US$1, and throughout that month, you will not be charged for Cash Outs, Sending Money, and Payments. Your transactions can add up to $500 with that bundle.

If you send money to someone, they will need to purchase a bundle of their own if they want to cash out for free. The eagle-eyed among you will have noticed that this all sounds familiar. This is exactly like InnBucks’ subscription model, except that O’mari calls its subscription a bundle.

Unfortunately, just like with InnBucks, there is a significant caveat – Mthuli doesn’t play that game. This means although O’mari won’t charge you for these transactions, Mthuli will want his IMT Tax on each and every transaction. So it’s a $1 subscription fee plus 2% per transaction.

Which is not as cool as it should have been. Caveat The other caveat is that not everyone stands to save with the O’mari USD Wallet Mahala Bundle. See, O’mari normally charges 1.

3% to send money, 1.7% to cash out, and 1.3% for bill and merchant payments.

That’s all excluding IMT Tax. That means your charges payable to O’mari reach $1 when you.