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With the disruptor’s mobile banking app, customers can: get a cash advance of up to $100, link external bank accounts and get paid a couple days early Varo also has an automatic savings tool ...
The AOL mobile app for Apple iOS and Android gives you organized and secure email, breaking news, premium videos, weather and more.
Users with a simple phone or without the app can still receive money if the phone number is registered in the internet bank. Like many other mobile payment system, its main obstacle is getting people to register and download the app, but it has managed to reach a critical mass and it has become part of everyday life for many Swedes.
Transactions through mobile banking depend on the features of the mobile banking app provided and typically includes obtaining account balances and lists of latest transactions, electronic bill payments, remote check deposits, P2P payments, and funds transfers between a customer's or another's accounts. [1]
Prepaid phone subscribers can top up their airtime balances via electronic reloading stations. These stations or retailers use a Retailer SIM card to top up prepaid credits on a subscriber's mobile phone. This SIM card functions similarly to commercially available prepaid SIM cards but with additional reloading/top-up functionality.