MobiCash aims to use advanced technology to bring a solution to financial inclusion problems by providing the first true opportunity for many unbanked citizen to get on to a formal “banking ladder” with real benefits.
MobiCash goes beyond the basic mobile payment service by explicitly seeking to add financial services which meet the real needs of the unbanked population.
MobiCash uses a mix of authentication methods that guarantee increased user functionality and enhanced security while accessing the user account.
These include Finger & Voice Biometric, NSDT (Near Sound Data Transmition) , NFC (Near Field Communication) and Very Smart Authentication for online purchases.
Mobicash account holder benefit from Multiple Access Transaction Instruments:
MobiCash is a cashless ecosystem that provides consumers with options to use their electronic money rather than instantly converting it back into cash. As opposed to existing mobile payment schemes designed as custom retention scheme with the belief that ‘cash is king’, MobiCash builds its ecosystems with the view that they should be cashless from the start, so customers don’t need to cash-out.
Therefor, MobiCash proposes an extensive bouquet of value added services accessible by anyone holding a Mobicash mobile account.
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