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What is Mobile cash? M2 Cash

Mobile cash is a technology that permits individuals to receive, shop and spend cash using a mobile phone. It's in some cases referred to as a 'mobile wallet' or by the name of a specific service such as mPesa, EcoCash, GCash, Tigo Pesa and many more. There are more than 270 various mobile cash services all over the world, although they are most popular in Africa, Asia and Latin America. Mobile cash is a popular alternative to both cash and banks due to the fact that it's easy to use, secure and can used anywhere there is a smart phone signal.
How does mobile cash work? M2 Cash

Mobile cash is a service that shops funds in a secure electronic account, linked to a smart phone number. In many cases, the mobile cash number will be the same as the telephone number, but not always. Mobile cash is often supplied by the exact same companies that run the country's cellphone services and is available to both pre-pay and contract consumers.

The service permits users to shop, send out, and receive cash using their cellphone. They can buy products in stores or online, pay costs, school charges, and top up mobile airtime. They can likewise withdraw cash at authorized agents.

If the user wants to pay a bill or send out cash to another individual, they merely choose the appropriate service from their phone's mobile cash menu. It's actually as easy as sending out a text.
What are the advantages of mobile cash? M2 Cash

Almost anyone who has a cellphone can have a mobile cash account. It's so available, that makes it extremely helpful in more remote parts of the world, where there aren't any banks. Here are its other advantages:

Multi-faceted-- there's so much users can do with a mobile cash account. They can accept, store, invest and send out cash all from the account on their cellphone.
Direct-- users can receive cash straight to their mobile phones without going through any middlemen.
Fast-- users can receive, send out and invest cash immediately.
Convenient-- mobile cash accounts are constantly to hand as they rest on users' mobile phones, Mobile cash can be used anywhere there's a smart phone signal.
Protect - funds kept in a mobile cash account are safeguarded by local financial guidelines. Users' identity must be inspected - making it hard for fraudsters and wrongdoers to use these services unlawfully.
Low cost-- if you send out mobile cash with M2 and you'll discover our costs are low.


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