M-money transfer

August 6, 2012

The Department of Posts will soon implement a mobile-based money remittance service in various parts of the country. It has selected 4 circles in which the services will be implemented. These are:

· Kerala

· Bihar

· Punjab

· Delhi

What is m-money transfer?

It also called mobile money transfer, which nothing but just another method of sending money using electronic medium like mobile or computer.
In this user who intends to avail the service would get a secret code through SMS soon after the money is transferred.
A similar message would be forwarded to the recipient who could then visit the nearest service-enabled post office and receive the money by submitting the code.
Bharat Sanchar Nigam Limited (BSNL) would provide technical assistance in the implementation of the service.

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