Mobile money provides new channels for customers to access traditional retail financial services such as savings, remittances, credit and insurance. With mobile financial services, customers can leverage mobile money platforms to make payments, withdrawals, and cash transfers, among others.
Key Areas
BILL PAYMENTS
A mobile financial transaction to satisfy a utilities bill
INTERNATIONAL REMITTANCES
The sending of cross-border money over a mobile platform
SAVINGS
The ability to store money into a m-wallet or linked bank account
CREDIT
A mobile financial transaction to re-pay a microloan
INSURANCE
Risk-mitigation products channelled over the mobile platform
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