Connectors / Payment methods / PocketMoni

PocketMoni

#e-Wallet

PocketMoni is a digital payment solution developed by eTranzact, a Nigerian financial services company. The application enables users to perform various financial transactions such as money transfers, bill payments, […]

Certified payment providers N/A
    Market coverage 1
    • Nigeria
    Currencies 1
    • Nigeria Naira
    Description

    PocketMoni is a digital payment solution developed by eTranzact, a Nigerian financial services company. The application enables users to perform various financial transactions such as money transfers, bill payments, mobile airtime top-ups, purchasing goods and services, and more, directly from their mobile phones.

    To use PocketMoni, users need to download the application on their mobile phones and sign up by providing their contact details and basic information. Once registered, they can link their bank account to the application and fund their electronic wallet with money from their bank account. Users can also deposit money into their electronic wallet by visiting authorized points of sale.

    Once the electronic wallet is funded, users can carry out transactions using the PocketMoni application. They can send money to other PocketMoni users or bank accounts, pay bills, make online purchases, and even withdraw cash at certain compatible ATMs.

    PocketMoni employs security measures such as encryption technology to safeguard users’ financial and personal information. However, it is important to take additional security precautions when using any mobile payment application, such as securing one’s phone with a password and regularly monitoring transactions.

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    Frequently Asked Questions

    What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

    NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

    What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

    Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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