3. INTRODUCTION
Mobile Money Transfer (MMT). Services
whereby customers use their mobile device to
send and receive monetary value - or more
simply put, to transfer money electronically
from one person to another using a mobile
phone.
5. VENMO
To ask or send
money, users simply
tap the "Pay or
Request" button in the
Venmo app, and enter
their friend's
username, phone
number or email in
the top box.
6. ZELLE
Zelle is an easy
way to send money
directly between
almost any U.S.
bank accounts
typically within
minutes.