Mobile phones to make money transfers
Payments, m-banking and money transfer company, Boom Financial, is partnering with the World Council of Credit Unions (WOCCU) to provide Boom mobile-banking services via credit unions in the developing world (view press release). The Boom mobile money service allows consumers to use their mobile phones to make domestic and international money transfers and payments via text messages. Members can also make purchases and withdrawals at participating Boom merchants and at Boom ATMs in around 150 countries.
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