Mobile money transfer India: everything you need to know

Kariuki Maina
By Kariuki Maina 4 Min Read

You want to send money to India quickly and easily, whether you live there or visit frequently. Learn all there is to know about mobile money and how to top up your phone. Find all of the information you require about the service.

Mobile money: what is this?

To put it another way, people can use their mobile phones to receive, hold, and spend money. Your phone number is your account number when you use mobile money! You might also have seen it under the name “mobile wallet” or the intermediary’s trade name! Over 260 mobile wallet services exist worldwide, the majority of which are situated in Asia, Africa, or Latin America.

Regardless of your plan (prepaid or monthly payment), your telephone operator typically offers mobile money.

Several daily payment requirements are met by mobile money. Transferring money to friends to repay them is just as possible as paying bills or a restaurant bill! Mobile payments and physical branches are linked in some countries because you can withdraw your money there! Users particularly value these solutions’ ease of use, security, and simplicity: To transfer or send money, all you need is a phone signal.

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Mobile money: how does it work?

Users can use their cell phones to store, send, and receive money through the service. They can pay bills, pay school fees, buy things in stores or online, and top up their mobile credit. Additionally, they can get cash from authorized agents.

The user simply selects the appropriate service from the mobile wallet menu on their phone when they wish to send money or pay a bill. The service is simple to use.

A mobile wallet money transfer is a quick, simple, and safe way to send money from one mobile wallet account, credit/debit card, or bank account to another mobile wallet account. The recipient must have a mobile wallet account in order for a transfer to take place, and the sender must be aware of the recipient’s mobile wallet account number. After that, the funds can be transferred immediately.

A mobile money service provider that creates and provides financial services via cell phone networks is known as a mobile wallet operator.

Idea, Jio, Vodafone M-pesa, and Airtel are the most prominent mobile wallet providers in India.

How to send mobile money in India?

The fact that mobile money never stops is one of its main benefits: Money can be sent and received at any time! Are you ready to start sending money from your phone?

Follow these guidelines:

  • Inquire about your beneficiary’s mobile money number, which is typically the same as their phone number. Inquire about their mobile money operator.
  • Pay for the shipment.
  • The funds are credited to your beneficiary’s mobile account right away!
  • Your recipient will be notified as soon as the funds are deposited into their account!

Depending on the operator you use, you can send money to India in a variety of ways.

All the rates to send mobile money in India

The mobile money wallet’s administrator may charge different fees for sending and receiving mobile money transfers.

Find out the applicable fees by visiting the operator’s website and asking the recipient which operator they use.

 

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Kariuki Maina
By Kariuki Maina Kariuki Maina
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