MoneyBox is a new savings and payment system based on scratch cards & e-pins and enabled by any mobile phone. It offers a fast, safe, secure and reliable cash-like way to remotely save, spend and transfer money. It provides banking for anyone with a mobile phone - anywhere, anytime, on any network and with any phone.
With MoneyBox, anyone can open an account on the street, save money into that or any other account, top up the phone, pay utility bills, buy insurance, send money to friends and relatives, withdraw money at agent locations, banks or ATMs, get access to credit and make investments. MoneyBox creates the possibility of real-time banking functions at agent locations by providing deposit, transfer and withdrawal services unrestricted by location or proximity to a banking hall.
MoneyBox is aimed at currrent Nigerian financial regulatory objectives, endorsed by Nigerian leading banks, powered by Interswitch, ETransact, & Paybox - the leading German processor for Mobile transactions worldwide.