Last week, at an invite-only event held at the CcHub, eTranzact launched the new PocketMoni Mobile payments application, a retake of what mobile money can be with a new mobile experience, and some new features on its mobile money network.
Of all the features, 3 really seemed to stand out and may just attain the game-changing status that PocketMoni is undoubtedly going for.
Cardless Withdrawals At ATMs
Can you imagine withdrawing money from an ATM without a debit card? This feature allows you to send money to a phone number, create a special password for the transaction and then withdraw without a debit/credit card at an ATM. This has been rolled out on all FCMB ATMs with plans for subsequent rollouts on other ATMs in the works.
Scheduled Recurring Payments
With this service, you can set a payment – the amount, the date to pay, and the recurrence – then you can simply forget it and it gets done with the frequency you set. PayList will notify you, before payment is made, and then make the payments according to your schedule.
Faves or Favourites
Storing your most frequent or important billers and payments with names you can easily remember on a scrollable list.
Bonus Feature: Western Union Money Transfer (WUMT)
Users can now receive transfers from Western Union on the app without needing to have an account with any bank before redeeming their transfer. The only requirements are the information from the sender.
There is of course the run of the mill 'Pay Bills & Buy Airtime' feature which users can use to pay bills directly to merchants available on PocketMoni. For billers to join the platform, PocketMoni has developed simple-to-use APIs, which makes this the platform of choice for biller payments.