MMPL is a company providing 24 X 7 Mobile Payment Services to its Subscribers and Merchants under the ‘MoneyOnMobile’ brand. It empowers its Consumers to Top up their Talk Time, Book Movie tickets, Recharge DTH Connection in a single click from their Mobile Phone anytime, anywhere. Consumers may keep their cash and cards at home and just carry their Mobile phone. A unique and revolutionary concept from My Mobile Payments Limited (MMPL), MoneyOnMobile is aimed at bringing quick, simple and efficient mobile payments right down to the ordinary man on the street.
As the fastest growing market of its kind in the world, India's mobile phone industry is a hot bed of opportunities. MoneyOnMobile is an effort to harness this very power and growth of the country's mobile phone industry to introduce the concept of the m-Wallet (mobile wallet). Gone are the day of carrying wads of cash and a range of credit and debit cards. MoneyOnMobile puts all the power of the bank accounts and the money in it right into the mobile phone.
MMPL’s tie-ups with all leading financial and banking institutions in the country as well as with leading merchants and retailers allows MoneyOnMobile to offer customers comprehensive services that can be used in real time without restrictions on geography, service, time, or mobile service provider.
My Mobile Payments Ltd (MMPL), a mobile payment service provider had announced the launch of MoneyOnMobile (MOM), a mobile wallet service that enables mobile phone subscribers to make payments for purchased goods and services via their mobile phones.
MOM was first launched for the B2B market in India in 2010 and last year the company received Reserve Bank of India’s (RBI)permission to offer the semi-closed m-wallet service for the consumer market nationally.