Mobile Solution for Money Transfer

Money transfer (Person to Person) is a natural fit for the adoption of new communication technologies. With an upsurge in expatriate employment, the need for secure and efficient money transfer has grown in the past few years. C-SAM’s presents a unique mobile phone based solution for money transfers, as an extension to the internet based transfer. It frees up the customer from the time-specific banking, allowing them to send and receive money while on-the-move and anywhere, anytime.

C-SAM offers exchanges (money transfer companies) and banks a unique and patented Mobile Transaction Platform (MTP) that helps them initiate money transfer electronically, wirelessly and securely on the mobile phone of a customer. With a few clicks of a button a customer can securely transfer money, store receipt and maintain a record.

The MTP enables the settlement partner (essentially a bank) to issue various bank and credit cards on the customers’ mobile phone such that the customer need not carry the physical card. The MTP consists of a turnkey solution, which includes the product, system integration, training and maintenance. C-SAM would set up and brand the MTP as per the exchange’s/ bank’s requirement, and develop the necessary secure interfaces with its back-end system as well as the payment settlement systems. The MTP can be further scaled to offer other payment and value added services.

Download PDF Manual Mobile Solution for Money Transfer

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