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Get The Business Case For Mobile Banking - 2nd Edition
Ta, exclusive interviews and original case studies from over twenty different countries to give a detailed overview of the fast developing world of mobile banking. The report presents: - The lessons from the first doomed attempt to create mass mobile banking in the early 2000 s; - The short term wins from mobile banking and the opportunities over the next 10 years including Bill Pay , remote transaction authorisations, real-time loans and third party offers; - A simple explanation of the.
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Usability FAQ
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MMID or (Mobile Money Identifier) is a 7-digit code that is issued by a bank to its customer in order to avail the mobile banking services. Each mobile banking account has a unique MMID allotted to the user by the bank itself.
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Mobile money is a way to store and manage money in an account linked to a mobile phone, similar to a bank account. Mobile money users can send money to other people, pay bills, and purchase many things, including mobile airtime. Airtime (also known as mobile recharge) is used to make phone calls, send SMS, or use data.
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How Does It Work? Register with a money transfer service by setting up an account and making a deposit. Use the provided short text commands to text cash to your friend's phone number or account ID. Receive funds by requesting and accepting payments via text message.
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Mobile money refers to financial transactions and services that can be carried out using a mobile device such as a mobile phone or tablet. These services may or may not be linked directly to a bank account.
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It is a financial service offered to its clients by a mobile network operator or another entity that partners with mobile network operators, independent of the traditional banking network. A bank account is not required to use mobile money services—the only pre-requisite is a basic mobile phone.
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