Mafhoom saves its users money in the following ways:
- Canceling subscriptions
Mafhoom automatically identifies your subscriptions, bills, and other recurring payments. Many people are accidentally paying for stuff they no longer use. With the app at this stage, they can see what they don't need and go cancel it.
- Avoiding surcharge payments
Users can avoid last-minute chaotic cash needs and potential penalties and fees by tracking aggregated balances and upcoming recurring bills and payments (cheques, transfers, recurring payments, subscriptions).
- Cutting expenses (bills)
Users can access special money-saving exclusive deals and find vouchers for sales at places they shop. These deals are customized to each user’s needs based on their banking transactions. Their spending pattern helps Mafhoom personalize deals to their likes and dislikes.
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