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M4JAM jobbers cash out in real time

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 16 Feb 2016
M4JAM jobbers will no longer wait 48 hours to receive their money, says M4JAM co-founder, Andre Hugo.
M4JAM jobbers will no longer wait 48 hours to receive their money, says M4JAM co-founder, Andre Hugo.

Money for Jam (M4JAM) has extended its partnership with Pick n Pay to allow jobbers to get hold of their money in real time at any of the national retailer's stores.

According to M4JAM, this partnership eliminates the middle man as Pick n Pay will be working directly with mobile point-of-sale platform provider, wiGroup, which provides jobbers with unique cash out codes, to allow for instant cash outs.

M4JAM co-founder and chief jammer, Andre Hugo says, "Our partnership with Pick n Pay thus far has allowed our jobbers to get hold of their money within 48 hours of receiving a wiCode. But when times are tough, it's no longer good enough to have to wait that long for your money - or, for that matter, pay R4.00 to get it. The new cash out process delivers on what our jobbers want, which can only make an already strong community even stronger and more engaged."

Jobbers on the microjobbing platform will now cash out for R2.50 instead of R4.00.

Pick n Pay deputy CEO, Richard van Rensburg explains, "As one of South Africa's biggest retailers, Pick n Pay stores are the ideal location for jobbers to cash out at. But we want them to be able to do so in real time - because time is money."

To begin the cash out process, jobbers must select 'Wallet' and 'Cash Out Money' on M4JAM. After a cash out request, jobbers will receive a wiCode via SMS, which they can take directly to the cashiers to receive their cash. Jobbers who choose to cash out at Pick n Pay or Boxer stores will automatically receive a R1.50 reward deposited back into their M4JAM wallet after successfully cashing out. The wiCode lasts for 24 hours and jobbers must withdraw the full amount of the wiCode.

"We are constantly looking for ways to change the world one microjob at a time," says Hugo. "I firmly believe that listening to our jobbers' feedback and making the microjobbing process as streamlined as possible is essential to helping us achieve this."

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