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Mobile money is an electronic wallet service.
This is available in many article source and allows users to store, send, and receive money using their mobile phone.
The safe and easy electronic payments make Mobile money a popular alternative to bank accounts.
It can be used on both smartphones and basic feature phones.
What can my recipient do with mobile money?
Most mobile money services allow users to purchase items in shops or online, pay bills, mobile money online fees, and top-up mobile airtime.
Cash withdrawals can also be carried out at authorised agents.
How does mobile money work?
Mobile money stores funds in a secure electronic account linked to a mobile phone number.
In some cases the wallet number will be the same as the phone number, but not always — they can be different.
Before sending funds to a mobile money wallet, please check with your recipient to determine the correct number.
How safe is mobile money?
As mobile money is a similar concept to a bank account, funds held in a mobile money account are protected by local financial regulations.
Mobile money providers and partners like WorldRemit are required to check the identity of their users - making it much harder for fraudsters and criminals to use these codes for super smash flash illegally.
Additionally, every transaction requires identification in the form of a secret PIN.
For more information on the legal requirements for mobile money services, visit the GSMA webpage.
Where can my recipient get a mobile money account?
Mobile money is available in and is especially popular in places where people are less likely to have bank accounts.
Most mobile money services are offered by local mobile telecoms operators who have received a license to operate electronic payments services.
Some mobile money services are offered by banks or other companies.
For further details on how to register for a mobile money account, visit the website of your local Mobile money provider.
Before sending money to a mobile money service using WorldRemit, please make sure that your recipient has a mobile money account.
To do this, your recipient will need to create an account through their local mobile money agent.
Once they have set up an account and you have their details, log in to WorldRemit and choose mobile money as the service you wish to send.
Mobile money is a way to store mobile money online 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 mobile money online mobile recharge is used to make phone calls, send SMS, or use data.
Airtime cannot be used as money to purchase other items or pay bills.
Which countries can I send mobile money to?
Please select the to see if mobile money is an option there.
Company registration number: 07110878 WorldRemit Ltd is Authorised and Regulated by the Financial Conduct Authority FCA under the Payment Service Regulations 2017 and Electronic Money Regulations go here />As a money services business operating under on free madden mobile money category of transfer of funds, WorldRemit Inc.
FINTRAC Financial Transactions and Reports Analysis Centre of Canada Registration Number M11556765.
Company registration number: 07110878 WorldRemit Ltd is Authorised and Regulated by the Financial Conduct Authority FCA under the Payment Service Regulations 2017 and Electronic Money Regulations 2011.
WorldRemit Singapore Pte Ltd is a company registered in Singapore with the Unique Entity Number 201328515C, and is a Registered Remittance Business with the Monetary Authority of Singapore under Licence No — RA No.
WorldRemit Pty Ltd, Level 23, 1 O'Connell Street, Sydney, NSW 2000, Australia.
WorldRemit New Zealand Limited, 41 Shortland Street Plaza Level, Auckland, New Zealand 1010 WorldRemit New Zealand Limited, Company No: 4705359 and FSP Number — FSP422206.
Is a registered company under Company no 1237124-V and an approved Remittance provider participant in the © WorldRemit 2019.
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Online Wallet. You can access your Mobile Money account via the Internet on your phone. It’s faster and more convenient. Just enter your mobile number as your username and there will be a couple of steps to follow and you’re in! You can then begin to perform and track your transactions. Log in to your online wallet account now. First time...
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