AFRICA of its banking applications . Based on USSD ( unstructured supplementary service data ) technology , Nedbank ’ s transactional product MobiMoney has also seen customers gain access to financial services via smartphone and feature phone , where they can deposit money into the account for free as well as send money to recipients for free . Other value-added services include purchasing prepaid electricity and more . “ There have been examples of people wanting to buy prepaid electricity , they had to take transportation to get to a mall or vendor and it would cost them R60-80 to buy R100 worth of prepaid electricity . Now , it is at their fingertips and will cost next to nothing ,” Govender adds .
“ We are solving problems that really matter to clients and address some of these key pain points . Through this particular platform we will build a lot more services that resonate with clients . It is also a free banking account that does not attract a monthly service fee .”
Remaining aggressive in developing new digital tools and solutions for those in all walks of life , Nedbank is
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