Mobile money networks are electronic repayment systems that allow users to deposit, withdraw and transfer cash and e-money through all their mobile phones. LOGISTIK has obtained traction inside the world’s developing economies which is viewed as a promising alternative to commercial lender products, particularly in rural areas where banking companies are often limited.

Money Network cards

A person can use a money network cards to access his pay off, based on the amount of money that is combined with his greeting card by his employer. The can be used to get ATM withdrawals and debit card deals, and it can likewise be used to write a pre-authorized check.

The money that was deposited on the money network credit card typically doesn’t expire. This can be a convenient means for an employee to access his salary, and it can always be reloaded with additional money if ideal.

Money networks can also be a great instrument to access duty refunds. They are often reloaded with funds via a taxes refund, plus they can then be used to withdraw the bucks at an ATM or to write a pre-authorized examine.

Using a money network could be free, but there are charges associated with specified transactions. A Money Network cardholder should read his employer’s cost schedule prior to using his cash network greeting card to avoid www.internet-money-networks.com/ any pointless fees.