M-money transfer
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.