Magex has implemented several mobile channels in its Managed Payments Platform, which make it easy for consumers to choose the mobile payment method easiest for them using just a few simple taps of the phone pad.

An excellent example is the MasterCard MoneySend service distributed by member banks in Europe. Bank customers can send funds from their debit or credit cards directly to any other person in Europe just by making a quick phone call to an automated response service. The service automatically confirms the consumer's mobile phone number, and then presents several options enabling consumers to check balances or send funds.


This gives the consumer a powerful payment tool, reduces cash transactions, and improves the payee's margin on collectibles. It also enables banks to provide low-cost but meaningful payment services to traditionally unbanked or under-served customers, allowing consumers without access to a PC, credit card, or checks to easily make electronic payments using their mobile phones.