Are you a business owner in Africa looking for a safe and easy electronic payment collection option without needing a traditional bank account or credit card? Mobile money is a significant financial service to satisfy your payment collection needs.
What is mobile money?
Mobile money is an e-wallet service that stores and manages funds in a secure electronic account linked to a mobile phone number—similar to a bank account.
It typically requires mobile networks and wallets to facilitate transactions, allowing individuals to send and receive money, pay bills, and make purchases using their mobile devices.
Where is it useful?
Mobile money is particularly useful in regions with limited access to traditional banking services. It helps to provide mass access to financial services, especially in developing countries and enables financial transactions to be made conveniently and securely.
Generally, it is a popular alternative to traditional bank accounts and transactions can be carried out on smartphones or basic feature phones.
Introducing Bani mobile money for African businesses
Suppose you are a business owner in Zambia, Tanzania, Ghana, Kenya, Rwanda, Cameroon, Senegal, Benin, or Ivory Coast. In that case, we have low-cost mobile money uniquely tailored for you to collect payments from customers easily.
With our offering, all your money will be settled in a single account, thereby saving you the stress of tracking or reconciling payments.
What you’ll get by using this payment option for your business
1. Convenience: Mobile money allows users to transact without needing a physical bank or ATM card. Using this payment option is straightforward—just like sending a text message. Your customers only need their mobile devices to make instant payments to you.
2. Lower Transaction Costs: Transactions with this payment option are generally cheaper than traditional banking. We have the lowest charges in the market for you.
3. Security: This payment option eliminates the need to carry large amounts of cash, reducing the risk of theft and loss. More importantly, it ensures funds security by storing records of every transaction and account balance, while every transaction requires a secret PIN. This means your money is kept safe even in cases of phone theft or loss.
4. Accessibility: Services are available 24/7, making it possible for you to make transactions anytime and anywhere.
If you run a business in Zambia, Tanzania, Ghana, Kenya, Rwanda, Cameroon, Senegal, Benin, or Ivory Coast, sign up with Bani today to start accepting or powering mobile money payments and get instant settlements in one account!