Mar
17
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Editor
3/17/2009 7:28 AM
South African mobile phone operator MTN on Monday said it was launching a banking service on mobile phones in 21 African and Middle East countries where access to traditional banks is poor.We have launched this service in South Africa in 2005, Dare Okoudjou of MTN's mobile phone banking department told AFP.But it wasn't a full bank account with the mobile phone at the primary access, it was very focused on key basic services, such as money transfer, he said of the South African service.
Now MTN is planning to offer a fully-fledged bank account on mobile phones called MTN MobileMoney which will allow users to pay for purchases or check balances. A credit card will be optional.MTN calls the service a convenient, secure and affordable way for MTN subscribers to send money, buy airtime and pay bills using their cellphone.
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