M-Gurush Mobile Money

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.

In General Mobile Gurush ( Mobile Money) is a financial service that comes under the category of mobile payments. Just like NFC, the payment process is contactless. However, while NFC only works at close hand, Mobile Money also allows money to be sent over great distances using cell phones.