This has happened to me on more than one occasion: I’m out with friends for dinner and when it comes time to split the bill, someone has either left their wallet at home or ran out of cash.
“I’ll pay you back next time I see you,” he says. But then days turn to weeks and it becomes awkward to ask for that $25.
Might as well forget it, right? Wrong.
Had my friend registered for the Zoompass Mobile Wallet Application, he could have quickly transferred me the money right from his smartphone. (After all, while we may run out of cash or leave our wallet at home, but surely we’d never leave home without our phone)
Zoompass is offered by Enstream, a company owned in part by Rogers, that allows you to send, receive and request money securely across Canada’s major wireless carriers. All you need to do is launch the app, type in the amount and cell phone number of the recipient (who also needs to have Zoompass), enter your security password, and hit send. Done. Dinner debt cleared.
You can access Zoompass via your mobile browser or a standalone smartphone app, available at the iTunes App Store, Android Market and BlackBerry App World. It is free to send and receive money through the Zoompass service. There is a fee for transferring funds from Zoompass back into your bank account. More on Zoompass fees can be found here.
Send money worldwide
As a bonus for Zoompass users, now you can send money worldwide with Western Union Money Transfers.
Your recipient can pick up their funds in cash at any participating Western union agent location and you can also have the transfer deposited directly to a mobile wallet account. This mobile-to-mobile service is currently available on networks in 27 countries, including Smart Communications and Globe Telecom in the Philippines, M-Pesa in Kenya and Safaricom in the UK.
Visit www.zoompass.com/westernunion for more on Western Union.
Have you ever used Zoompass? What are your experiences with mobile money transfers?
Richard Bloom is a regular contributor to RedBoard.