Mobile Money


What is the meaning of Mobile Money? This page is about the meaning and definition of Mobile Money.

Meaning of Mobile Money

Mobile money is a technology that allows people to receive, store and spend money using a mobile phone.

Mobile money systems have the potential of extending the reach of financial services to populations not served by the traditional banking sector.  Since mobile money transactions are compatible with basic phones and do not require internet access,  they're fast, simple, convenient and affordable.


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