Friday, September 18, 2009

First mobile payment system by Splash and MoreMagic Solutions usingmobile

Splash Mobile Money Limited ("Splash"), a leading mobile payment system provider, and MoreMagic Solutions, a leading mobile transactions provider announced availability of the first mobile money transfer system.

Splash customers in Sierra Leone can now send money using just the mobile phone instantly without any requirement to have a bank account.

Splash is Sierra Leone’s first mobile payment system, allowing you to send money to other mobile users using just your phone.
To send money you must register with an agent and load money into your Splash account. You can then send that money to another mobile phone user, using just text messages.

Currently only phones on the Zain and Africell networks can be registered on the Splash system - but you do not need a bank account to register, and registration is free.

Any Zain or Africell mobile phone can receive money through Splash – and the electronic money or "SplashCash" received can be converted to real cash with any Splash Agent.