BankWorld Person-to-Person Mobile payments
BankWorld’s unique, integrated multi-channel approach enables banks to offer customers a host of innovative services, among them, Person-to-Person SMS Payments.
This allows customers to transfer funds quickly and easily to another person using just their mobile phone. The recipient is sent an SMS code which they can use at an ATM to withdraw the funds from any of the bank’s ATMs or at the branch.
Customers can send cash to fellow bank customers as well as non-customers and even the un-banked. The receiver is also able to send funds to any other person or make a payment. These P2P payments facilitate revenue generation through transaction fees and are also helpful at auto-acquiring new customers.
Benefits of BankWorld’s Person-to-Person SMS payments;
Stream Revenue
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Increase Satisfaction
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Reduce Costs
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BankWorld’s P2P SMS Payments allow customers to:
- Send money to a family member in a remote area
- Reimburse a friend
- Pay a taxi fare or a restaurant bill
- Make a rent payment to a landlord
- Shop at a merchant store
- Pay utility bills or school fees
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