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  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

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● Statement
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Mandla Money

Payment institution · South Africa

About the company

Legal company nameMandla Money (Pty) Ltd
Year founded—
Headquarters / registered countryJohannesburg, South Africa
Websitemandlamoney.com
Last checked10.10.2026

According to its official website, Mandla Money is a mobile money service that turns a phone number into a wallet and lets people send, receive and store money over WhatsApp, SMS or USSD without needing a smartphone or a bank account. Services are provided by Mandla Money (Pty) Ltd (company no 2019/470624/07), an FSCA-authorised financial services provider (FSP 55523) and crypto asset service provider (CASP), registered with the Financial Intelligence Centre (FIC) as an accountable institution (76060). The wallet can hold digital dollars (USDC, USDT, RLUSD), a digital rand (ZARU), South African rand, XLM and XRP side by side; users can make peer-to-peer and cross-border transfers, swap currencies, cash in and out at partner agents and pay for airtime and electricity. For organisations it offers bulk payouts, payroll, NGO disbursements, OTC markets and API integration. The company says it is not a bank, that transfers between Mandla wallets are free and that bank transfer withdrawals are coming soon; it reports awards and grants from the Ripple and XRPL ecosystem. This information is the company's own statement.

Account Details

ACCOUNT TYPESPersonal wallet · Business account
MIN. DEPOSITNot stated
PLATFORMSWhatsApp · SMS · USSD · Customer and business web apps
PRODUCTSMobile wallet · Money transfers · Stablecoins (USDC, USDT, RLUSD, ZARU) · XLM · XRP · Bulk payouts · OTC

Licences and regulation

FSCA (South Africa)

Licence no.FSP 55523
Licence holderMandla Money (Pty) Ltd
ScopeListed in the FSCA register as an authorised (Authorized) financial services provider under Mandla Money (Pty) Ltd (FSP 55523); authorised since 10 Mar 2026; approved product classes: crypto assets.
StatusVerified

Sources and verification history

Official company sourcesmandlamoney.com — homepage, About, Contact, Terms of Use pages and footer
Regulator recordsFSCA — Mandla Money (Pty) Ltd, FSP 55523 (fsca.co.za)
Company registerCIPC (Companies and Intellectual Property Commission) — Mandla Money (Pty) Ltd, 2019/470624/07
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified10.10.2026

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