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Mobile Financial Services
The driving force behind mobile banking and payments
Mobile Financial Services (MFS) enable users mobile fund transfer and money load opportunities. The new platform, which merges financial services with mobile communication, is expected to make everyday transactions much easier both for those who cannot benefit from today’s banking system and for those who are currently active bank customers.
MFS is a sophisticated and growing domain that compasses a wide range of topics including mobile banking, mobile wallet, money transfer, payments and much more. MFS make electronic payments without the need for traditional bank branches and have the potential to deliver the required level of proximity and cost efficiency. Thanks to MFS, a mobile phone itself can be used as an ATM, a POS terminal and an internet banking terminal.
Basic Funtions
- Money Send (From Debit/Credit To Debit/Credit/Unbanked)
- Mobile Top-up
- Bill Payment
- Balance Inquiry
- Merchant Payment Functions
Transaction Set
- Sender: Onus
- Onus debit → Onus Credit, Onus Debit, Not Onus Domestic Credit, Not Onus Domestic Debit, Unbanked
- Onus credit → Onus Credit, Onus Debit, Not Onus Domestic Credit, Not Onus Domestic Debit, Unbanked
- Sender: Not Onus & Receiver: Onus
- Not Onus Domestic Debit → Onus Credit, Onus Debit
- Not Onus Domestic Credit → Onus Credit, Onus Debit
Application Flow
- POS
- ATM
- Call Center
- Internet
- Back Office
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