Swisscom-owned Sicap launches mobile money ATM

www.WirelessFederation.com/news: ATM machine for mobile money services has been developed by Swisscom-owned Sicap and ATM manufacturer Wincor Nixdorf wherein users with prepaid mobile money accounts can use the ATM to send and receive money by entering the recipient’s mobile number and the amount of the transaction.

An SMS with a special code will be received by the recipient allowing them to go to the ATM machine to withdraw the cash. The ATMs can also be used for cash top-up and self-service subscription management.

According to J¼rgen Samuel, CEO of mobile solutions firm Sicap, consumers will have to learn how to use the ATM which isn’t quite as straightforward as just sending an SMS directly but the staff can show first-timers how to use the service initially at the ATMs in cellco shops