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M-PESA is a branchless banking service; M-PESA customers can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents. M-PESA spread quickly, and by 2010 had become the most successful mobile-phone-based financial service in the developing world. [ 4 ]
The transaction is similar to a traditional cash-to-cash money transfer, except that the sender specifies the recipient's mobile phone number at the time the funds are sent. Recipients in Kenya must subscribe to the M-PESA service through Safaricom to access the service. N/A M-PESA 1tap M-PESA 1Tap is the faster way to pay with MPESA.
International mobile remittance (also known as international mobile airtime recharge / international top-up / top-up credit) is a remittance transfer service which allows a person in one country to securely and electronically transfer or top-up mobile credit to another mobile belonging to a family member or friend abroad. The top-up can happen ...
WorldRemit focuses on cross border remittance money transfers from over 50 countries to over 130 countries around the world. [8] For those receiving money, it offers pay out options including bank deposit, mobile money, mobile airtime top-up and cash pick-up as well as cash delivery. The firm has a network of more than 5,000 corridors.
Orange Money was rolled-out for the first time in December 2008, in Côte d'Ivoire, with basic services: cash-in and cash-out, airtime top-up, Orange bills payment.After a quiet launch, Orange organised a wide-ranging advertising campaign in Côte d'Ivoire in 2009 gaining between 100,000 and 150,000 subscribers in a year.
Deposit the rolled coins into your checking account and withdraw the money as cash. Allison Hache contributed to the reporting for this article. Information is accurate as of March 19, 2024.
In the T-Cash [54] model, the mobile phone and the phone carrier is the front-end interface to the consumers. The consumer can purchase goods, transfer money to a peer, cash out, and cash in. [ 55 ] A 'mini wallet' account can be opened as simply as entering *700# on the mobile phone, [ 56 ] presumably by depositing money at a participating ...
In March 2019 MTN launched a WhatsApp channel to let its customers buy airtime and data bundles through the messaging app. [49] Customers can also check their balances and store their credit or debit cards in the app for future purchases. The service is provided by another South African company, Clickatell. [50]