'Money on Mobile' launches mobile payment service in India

Satheesh C B | Wednesday, August 22, 2012 | 0 comments

M-wallet service, from My Mobile Payments Ltd (MMPL) is a a Simple, Smart and Secure way to buy products from your current local retail shops.With this  you can book movie, bus, rail and air ticket, mobile recharging,DTH account top-up, sending and receiving money .You can complete all of these and many other financial transactions anytime and anywhere.It lets you to carry all your credit/debit cards and bank accounts on your mobile phone.

M-wallet lets you have a single personal account for all your transaction needs or link to multiple family and friend accounts for gifting purposes and sending and receiving money anywhere, at anytime, and from anyone. It allows customers to load their mobile phones with cash at retail touch points and use this virtual money to top-up any prepaid mobile or  pay post-paid mobile bills and utility bills at present.All transactions through this service are PCI-DSS compliant in terms of security which  means the highest possible level of encryption of your personal and bank details as well as of all transactions carried out through the application. In addition you have to enter your personally assigned MPIN two times once each time you login and once for approving transactions.

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5Services

  • Recharge your mobile phone
  • Top up your DTH account
  • Purchase rail / bus / air / movie tickets
  • Buy goods and services at partner establishments and outlets
  • Pay utility bills including electricity / gas / telephone
  • Pay municipal and government taxes

Using Money-on-Mobile is very easy. To activate SMS services you will send an SMS to to register and then you are ready to you Money-On-Mobile; For GPRS all you have to do is download the application to your mobile phone, register for a customer account, update your bank and/or credit and debit card details and start making payments with merchants that accept Money-on-Mobile.

If your  mobile phone   has either SMS or GPRS services, then  your phone will support Money-on-Mobile. The company will be rolled out a larger bouquet of offerings by September 15.MMPL have a network of 95,000 retailers across the country and a subscriber base of nearly five lakh recording nearly Rs 2 crore worth of transactions a day.

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