The long-anticipated upgrade, which was years in the making, frees consumers from having to be at an internet terminal in order to pay bills, send money or shop online.
PayCash Mobile also offers benefits to financial institutions and remittances companies, giving them the opportunity to tap into the rapidly growing unbanked immigrant market that traditionally sends money back home.
Users can securely send money in real-time and get notification when the recipient has successfully received the funds. Users can then use the PayCash NOW Card or any other stored value card to withdraw the funds at any of the participating ATMs in the network.
PayCash is designed to be highly secure and scalable, with the ability to integrate credit, debit, stored value cards and bank accounts for funding of all types of mobile payments and transactions.
Other options included in this upgrade are recurring payments, real-time balance inquiry, instant mobile messaging confirmation on all transactions and local and international person-to-person transfers.
