Moni

Moni is a mobile money transfer platform that enables its users to transfer funds from their bank account directly into that of a recipient. The app lets a user choose who they want to send money to and then the amount they want to send. The user then puts in their bank details which they can either do manually or by quickly scanning their debit card using their mobile phone’s camera. The user must then choose how to send the money to the recipient: either to their bank account or to a mobile phone.

If sent to the recipient’s bank account then the sender has to put in the recipient’s bank details. If the money is sent straight to the recipient’s phone, then the receiver can choose which bank account the money will go into and can put in the details him/herself. The sender is notified by text when the recipient has accepted the transfer and can track the progress of the transfer via the app and by SMS notifications. Moni was created by Fernando Saturno and Laurence Aderemi in 2013.