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What is SMS payment?

Updated: 11/5/2022
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10y ago

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SMS payment is a new way to pay your bills with SMS from your mobiles. This is highly efficient and secure method.

Mobile penetration is high in rural and urban areas. If we need to reach to maximum of mobile population SMS banking is a good option. Through SMS banking a person can transfer cash to another one through SMS. If one wanted to transfer fund to another one he need to load some money onto his phone and then text it directly to someone else. It has made a huge impact in countries where there are not enough banking facilities.

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10y ago
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