18
vritti
F I G U R E
Bank 1
Technically Speaking
March 2018
1
Bank 2
Bank 3
Bank 4
PSP2
Wallets
JoMoPay
Settlement Bank
PSP1
Settlement Bank
PSP2
Mobile Network Operator
Zain Orange Umniah
PSP1
Wallets
eFAWATEERCOM
Jonet -ATM cashout
Biller1, Biller2,...Biller N
RTGS
Off-net transactions are used by mobile money
providers to send money to consumers on
other mobile networks. In this case, when
sender sends the money to a recipient on
another network, the recipient receives a code
via an SMS. Recipient has to show the code
to an agent of sender’s mobile money service
to get the remittance in cash.
Off-net transactions are ‘wallet to cash’ or
‘digital to cash’ transactions, where recipients
have to cash-out full money from agent in
stipulated time (generally few days), other
wise the money is reverted to sender. In case
the recipient wants to use the remittance
received in digital format to pay bills or
transfer money to someone else, then she
Source: GSMA
has to go to mobile money agent (belonging
to her mobile money provider) and do a cash
-in into her mobile money wallet. Inter-
operable transactions are more convenient
for consumers, as recipient receives the
remittance in digital format directly in her
mobile money wallet and can store the money
in wallet as long as she wants. Recipient
can cash-out the money partially or fully
whenever she wants or use the money in
digital format to pay bills and merchants.
Interoperable transactions are also beneficial
for the mobile money providers. In case of
an off-net transaction, the sending mobile
money provider has to pay commission to
agent for cash-out. However, in case of