When fully in operation, from your SIM card, you can send and receive money; this means you carry money in your phone number. And also, you don’t need to withdraw money from anyhow because the POS will do the transaction for you using your phones.

This can project the cashless policy in the sense that wherever you find yourself, you can perform the lowest transactions, including in the market and during transit. This system is reliable because you will only need your National Identification Number, NIN together with your Personal Identification Number, PIN to make transactions possible.

What then happens when I lose my phone? The system is designed just like when you misplace your device or it was stolen, you can call for it to be blocked immediately. https://koksnation..com/2021/11/the-new-mobile-money-cashless-policy.html