FNB MXit Moola - Micro-Payments coming to MXit? 👐 Web AddiCT 🇿🇦

In the 09 micro-predictions for South Africa in ’09 post #2 was “MXit shall offer peer-to-peer micro-payments (Transfer Moola between contacts), become more ’social’ & adopt QQ monetization techniques.”

Imod churned out a series of FNB posts that reeked of advertorial type, paid-for-posts, they weren’t though. One of them mentioned being able to purchase MXit moola from FNB cell phone banking.

You are now allowed to purchase MXit Moola Directly from FNB cell phone banking via USSD and the mobile web interface. The cool thing is you are allowed to purchase Moola for any registered MXit user, not just yourself in R5, R7, R10. R15 or any other amount you specify. To me, it sounds like peer-to-peer micro-payemnts. Now if only yu could convert the Moola back to real currency.

The PDF embedded above shows you step by step instructions on using FNB mobile phone banking via the web or USSD to purchase MXit Moola directly from your bank account. The ability to purchase MXit Moola via FNB cell phone banking compliments MXit’s current Moola purchases via SMS and does not replace it.

Question: What do these things all have in common? Everybody know…

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Theo says:

27 January 2009 at 15:45

You can see this as P2P micro-payments, although it’s confined to the walled garden that is MXit, so the Moola is only useful there. Converting to and from real currency is where it would really get interesting! Ukash offers vouchers that can be bought cash and used online (WAP/web), while mobile payments services like Pocit and SWAP allow P2P transfers between mobile phone users – although not without bank accounts. Watch this space, 2009 is going to be an interesting year for mobile banking and payments…

Arthur Devriendt » Blog Archive » Le téléphone portable, facteur de développement says:

27 January 2009 at 19:45

[…] Aujourd’hui, j’ai essayé de me lancer dans la rédaction (nous devons rendre nos 10 feuillets à la fin de ce mois) mais voilà que je me heurte à la formulation du sujet, qui est la suivante : “La téléphonie mobile, facteur de développement”. Sans point d’interrogation, il me semble que les initiateurs du projet attendent de moi que j’aille dans le sens de leur affirmation en énumérant un certain nombre d’initiatives intéressantes réalisées sur le continent africain autour de la téléphonie mobile (ex : le micro-paiement peer-to-peer en Afrique du Sud).. […]

09 Micro-Predictions for South Africa in 09 | Web AddiCT(s); says:

28 January 2009 at 14:14

[…] MXit shall offer peer-to-peer micro-payments (Transfer Moola between contacts), become more ’social’ & adopt QQ monetization techniques. […]

idale says:

30 January 2009 at 14:27

I think this is a great step forward for mobile banking, however I argue that the sms method of purchasing Moola is far simpler and makes more sense considering you’re buying it with airtime as apposed to cash.

I long for the day we are able to make common purchases using our phones airtime balance as a “mobile bank account”…

Chris M says:

1 February 2009 at 23:46

Look at that dodgy “cool” backlink, what’s going on there?

And backlinks on mine, tisk tisk 😉

MXit Mobile Banking with Standard Bank (told you so) | Web AddiCT(s); says:

17 February 2009 at 17:55

[…] to comments In the 09 micro-predictions for ‘09 I stated that … MXit shall offer peer-to-peer micro-payments (Transfer Moola between contacts), become more ’social’ & adopt QQ monetization […]

Review of 2009 predictions (What came true?) | Web AddiCT(s); says:

28 December 2009 at 18:51

[…] (Transfer Moola between contacts), become more ’social’ & adopt QQ monetization techniques. FNB, Standard Banks mimoney are both available on MXit and there are a few games available on the […]