Mobile money set to make your payments digital

By Rahul Ramesh

Mobile money set to make your payments digital


The most hyped concept the world over, Mobile Money is all set to become a reality soon. This system of transferring cash through your mobile had already got a lot of hype after the advent of internet based money transfer.

The Mobile Money requires the use of some smartphone apps which of course can be downloaded easily from the popular smartphone stores. Then, through the creation of an account with the app provider & mobile money service provider, users can easily transfer cash with the help of their cellphones to any place across the world.

This concept is not only suitable for developed countries but are also sure to take even the smaller developing countries by storm. For instance Kenya had implemented a similar concept way back in 2007 albeit not full fledged. Now with the advent of the mobile money concept, Kenya with other developing countries of the world is all set to witness a revolution.

One intriguing factor that has to be noted here is that through the Mobile Money concept, one more smart feature namely the Mobile Wallet which enables you to pay all your expenses with a click on the mobile phone. This would also lead to preservation of the environment as trees wouldn't have to be cut to make currency notes.

Thus, mobile money is the thing to watch out for & is sure to take the entire world by storm. Reply with your opinion in our comment section below.

Most Read Articles
Best Mobiles in India

Read More About: technology mobile phones

Stay updated with latest technology news & gadget reviews - Gizbot

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more