Now You Can do Domestic Money Order Instantly Via MoneyOnMobile

MUMBAI, January 15, 2015 /PRNewswire/ --

My Mobile Payments Ltd (MMPL), one of India's leading mobile payment solutions companies, which owns the MoneyOnMobile (MOM) brand, has announced the launch of its domestic Mobile Money Order service for customers.

This service enables MOM customers instantly to transfer amounts to their friends and loved ones, in an easy, convenient manner. As per RBI regulations, money transfer from mobile wallets can currently be made only to the beneficiary's bank account. The highlight of this service is that it works 24X7, including on national holidays and Sundays. For the consumer, it costs less than half the cost of a postal money order, only much faster. MOM is an application with multi-lingual capability, and the first in India to have a multi-lingual app for a service in this category.

Shashank Joshi, Managing Director, MMPL, said, "It is our continuous endeavour to add newer services onto our platform that enable our customers to make paperless money transfers, faster and with convenience. We're happy that within a few days of introduction, the MOM Mobile Money Order service has already picked up. We have seen biggest volumes among all mobile wallets in India."

Highlights  

• Easy 4-step process
• 24x7 service
• Costs less than 50% of postal money order
• MOM is an application with multi-lingual capability, and the first in India to have a multi-lingual app for a service in this category

About MoneyOnMobile  

My Mobile Payments Limited (MMPL) is one of India's leading mobile payment solutions company, through its 'MoneyOnMobile' brand; a service aimed at bringing quick, simple and efficient mobile payment solutions to everyone. MoneyOnMobile enables purchase of goods, making easy payment top-ups, payment of utility bills, DTH recharges and more, just with the click of a button. MoneyOnMobile is authorised by the Reserve Bank of India (RBI) to set up semi-closed payment system in India, which enables registered users to buy good products and services from registered merchants. With MoneyOnMobile, 'Stop at Nothing. Pay for Anything'. For more information, visit www.money-on-mobile.com

Media Contact: Vipul Bondal, [email protected] , +91-99203-84555, Veriitte Consulting