through mobile phone, people can buy the time to talk, pay utility bills, transfer funds to your business partners or suppliers, access your bank information, and to receive payments from the various parties. Transactions are flexible as it can run them in the comfort of their homes while some of the funds in your account. International barriers to transacting are also reduced through the international mobile money transfer services.
You May be wondering about the safety of the funds on your mobile phone. Anyone registering for mobile money transfer services to do with your original passport or recognized identification. They will have a unique password and secret word, which are checked prior to any transaction can be carried out. Each user has to keep checking the information as confidential to prevent the occurrence of fraud.
to get to override the cell phone using a credit card, hard cash payments and the use of checks? Only time will tell.
