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M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
Country code. +233. International access. 00. Long-distance. 0. The Ghana telephone numbering plan is the system used for assigning telephone numbers in Ghana. It is regulated by the National Communications Authority, which holds responsibility for telecommunications . Since 1 May 2010, all fixed-line numbers and mobile numbers have 9 national ...
e. Mobile payment, also referred to as mobile money, mobile money transferand mobile wallet, is any of various paymentprocessing services operated under financial regulationsand performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment appon a mobile device to pay for a wide range ...
In March 2007, Safaricom, which is part owned by Vodafone and the leading mobile communication provider in Kenya, launched mobile payment software developed by Vodafone. [211] By February 2008, the M-PESA money transfer system in Kenya had gained 1.6 million customers. [212]
M-PESA (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and micro financing service, launched in 2007 by Vodafone for Safaricom and Vodacom. M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash.
Mobile Money is a mobile payments system based on accounts held by a mobile operator and accessible from subscribers' mobile phones. The conversion of cash into electronic value (and vice versa) happens at retail stores (or agents). All transactions are authorised and recorded in real-time using SMS . In 2008, a Ugandan software developer named ...
A prepaid mobile device, also known as a pay-as-you-go ( PAYG ), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
Here’s a look at 13 of the best apps you can use to cash a check on the go: Brink’s Money Prepaid: Best for transferring money to Netspend accounts. Ingo Money App: Best for transferring money ...