Q1025
Which of the following is not true about Mobile Money Identifier (MMID)?
A.
Mobile Money Identifier (MMID) is a seven-digit number, issued by banks for effecting financial transactions through the user's mobile phone
B.
The user's mobile number MMID are uniquely linked with his bank account number, and is one of the key inputs to facilitate fund transfer
C.
Both the remitter and the beneficiary are required to have their MMIDs to effect a fund transfer through the mobile phone
D.
A unique MMID and mobile number combination helps in identifying the beneficiary's details. A single MMID can be linked to a mobile
number
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board