Why should people use mobile money remmitance project like yours?
Hello!
Mobile money will enable unbanked individuals to access financial services. Factors influencing the popularity of mobile money as the next authoritative instrument are :
- Economic attractiveness due to low remittance charges (compared like Western Union Postepay, the Post Offices Postepay, or the local bus companies) and easy fiat fee system
- Simplicity and convenience. You only need a mobile phone to use the service
- Easily convertible to cash and vice versa by agents commissioned by mobile network operators
- The opportunity to offer microloans
- Easy registration procedure for agents (basic information and small deposit required as a starting point)