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Mobile Money Transfer (MMT) is a form of electronic payment system that enables users to transfer money from one mobile device to another. It is a subset of mobile commerce (m-commerce) and is becoming increasingly popular as a convenient and secure way to send and receive money. MMT services are typically provided by mobile network operators, banks, and other financial institutions.
MMT services are typically accessed through a mobile app or web-based platform. Users can transfer money to other users, pay bills, and purchase goods and services. The service is often used to send money to family and friends, as well as to pay for goods and services. It is also used to transfer money between different countries.
MMT services are becoming increasingly popular due to their convenience and security. They are also becoming more widely accepted by merchants, allowing users to pay for goods and services with their mobile devices.
Some companies in the MMT market include PayPal, Venmo, Apple Pay, Google Pay, and Square Cash. Show Less Read more