Though the business has started in earnest in a few countries it is still in infancy and has a huge potentials for so many reasons. We will be explaining a few in this article. A Nigeria financial institution FinBank has been experimenting with this idea, I wonder why they are not seeing it as a marketing strategy and a niche for them to dominate while others are still sleeping. They have introduced for quite a while a product called “Flash me cash” with recent advert in a major newspaper they intend to take it to a new level but I wonder whether they are walking the talk. I tried to use their online registration portal for these service they promised to send my password soon to my mobile phone it has been over 24hours I wonder what is their definition of soon.

What is Mobile Money Transfer(MMT)? Its philosophy and the problem-solution based approach:
I will be addressing this by itemizing my explanation under these topics
1.Under banked and un-banked: it is a fact that most of the cash in the world is outside the organised banking system which in away affect the economy or make it difficult for regulation. MMT will help with tracking these specialized type of fund. And any smart business person should be interested in doing business with people that have such funds. Even Bill Gate is not tapping this resource yet he has so much, most of his products are targeted at the educated. for complete article visit http://www.geria.net/2010/06/17/emerging-business-opportunity-in-nigeria-mobile-money-transfer/