How MXit Money Works
With the launch of MXit money we see another sign of the fragmentation of the core of MXit, the app. You can now download the MXit Money standalone app if you’re an iPhone user. That isn’t the point of this post. With MXit Money, launched today by MXit and Standrad Bank you can send REAL money from one MXIt user to another.
Continue reading to access MXit Money in 3 Steps
Step1:
iPhone users: Download the Mxit Money iPhone App from the Apple App Store.
Mxit users: Add ‘mxitmoney’ as a contact on Mxit to get the App inside Mxit.
Step 2:
Load Instant Money using your cellphone number as a unique identifier. This will automatically create an Instant Money value store with Standard Bank, which can be accessed via Mxit Money as well as any existing Instant Money channels.
Instant Money can be loaded at the following points:
- At one of the 600 Spar Stores nationwide with an Instant Money or PayZone counter (Remember to bring a photocopy for your ID the first time you load) location map
- At any of over 8000 Standard Bank AccessPoints nationwide
- At any Standard Bank ATM. This will be available from September 2012. Loading Instant Money at an ATM for existing Standard Bank cardholders only. Anyone can cash out Instant Money at a Standard Bank ATM.
- Through Internet Banking for existing Standard Bank customers or going directly to Instant Money
Step 3:
Use the App to send money, withdraw money at Spar or Standard Bank AccessPoint or ATM or to buy airtime and electricity within the Mxit Money application.