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unusual facts about mobile banking


Mobile banking

In Somalia, the many telecom companies provide mobile banking, the most prominent being Hormuud Telecom and its ZAAD service.


Branchless banking

For example, Cooperative Bank of Kenya uses the Internet, ATMs, POS devices, EFTPOS devices, and mobile phones as technologies to deliver its banking services through a combination of distribution channels including stationary bank branches, mobile bank branches, ATMs, bank agents, Online banking, and mobile banking.


see also

IMPS

Immediate Payment Service (IMPS), A mobile banking money transfer service in India