mobile money

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The use of a mobile phone in order to transfer funds between banks or accounts, deposit or withdraw funds, or pay bills. This term is also used for the broader realm of electronic commerce; it can refer to the use of a mobile device to purchase items, whether physical or electronic.
(Read more: http://www.businessdictionary.com/definition/mobile-money.html#ixzz2KKbr2ZZm)

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