Mobile money product MobiKash has broken into the already chaotic industry where the big fish are up in arms against each other, small fish dying out and now an outfit to compliment them all. It is an Independent mobile commerce and payment ecosystem that allows everybody in Kenya to manage and perform a wide range of financial transactions from their mobile phone.
Subscribers definitely have a great deal. MobiKash provides an easy and convenient platform to load money at any agent outlet or linked bank account from your mobile device. Subscribers can also send cash to and from any other mobile phone subscriber in Kenya and to any linked bank accounts among participating banks in real time.
By the use of your mobile, customers will manage their bank accounts; view balance, transactions, request statement and one can also change their pin using the same channel. The platform available to millions of subscribers in the country using independent agent networks will not call for SIM switching nor change of service since customers will access the services using their current mobile money platforms.
With easy access to multiple banks in the country, linking different bank accounts will offer multiple financial instruments through one channel. In it, Banks, MFIs, SACCOs, Govt and NGO and other commercial institutions will be available and easily accessible.
MobiKash operates over USSD GSM technology and is also under the auspices of Central Bank of Kenya (CBK) and Communications Commission of Kenya (CCK) which ensures security to the user.