Mobile Money

Mobile Money

Mobile money refers to a digital payment system that allows users to store, send, and receive money using a mobile phone. This system enables people to carry out financial transactions without the need for physical cash, bank accounts, or credit cards.

Mobile money services are typically offered by mobile network operators, financial institutions, or third-party providers. Users can sign up for these services by registering their mobile phone numbers and linking them to their bank accounts or mobile wallets. Once registered, users can send and receive money, pay bills, buy goods and services, and withdraw cash from authorized agents or ATMs.

Mobile money has become increasingly popular in many parts of the world. It has facilitated financial inclusion by allowing people to participate in the formal economy, access credit and savings services, and make payments more conveniently and securely.
Thus, Afghan United Bank offers the below three services of mobile money.