According to the source, the mobile banking service aims to target the South African unbanked or financially under-served inhabitants. The Mahala mobile platform is an open system and is set to be available at a nominal charge to all banks and e-wallets services providers planning to target this market segment.
As a result, Mahala customers are expected to be able to carry out free money transfers, bill payments, as well as discounted airtime top-ups and retail shopping. The Mahala banking platform is expected to go live in May 2011, the source reports.
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