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Q. Mobile Money Identifier is a 7 digit number that facilitates fund transfer in mobile banking. Which of these bodies issues MMID?
Answer: Banks
Notes: Mobile Money Identifier is a 7 digit number, issued by banks. MMID is one of the input which when clubbed with mobile number facilitates fund transfer. Combination of Mobile no. & MMID is uniquely linked with an Account number and helps in identifying the beneficiary details. Different MMIDs can be linked to same Mobile Number.

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