FNB MXit Moola – Micro-Payments coming to MXit?

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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 โ€™socialโ€™ & 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.

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