Mobile money requirements checklist Task Service Minimum requirements completed? Payment product details: Corporate (payer) Details on how transactions are pre-verified before payment and how Transaction tracking the information is provided to the payer [organization] once payments capabilities are made Sample transaction statement Registration and know your customer List of requirements for [organization] to activate an account with the requirements service (corporate account) Full description of disbursement Process flow chart of a funds disbursement including screenshots. (payment Process) Account balance and Details on transaction limits, including on limits on the value of transaction volume payments [organization] can send to a single recipient in one day and limitations (corporate limits on the volume of transactions [organization] can send in one account) day Ability to assign different user authorities within the system (i.e., User authorization maker, checker, processor) Brochure, catalog and Attachment of brochures, catalogues and booklets that illustrate the booklet service’s functions Interoperability Platform interoperability with other payment platforms Pricing Detailed pricing matrix for transactions Ability to store recipient data on the payment platform to avoid Data storage uploading names every time a payment is made Payment product details: End user (payee) Receipt of funds Notification of transaction to recipients (e.g., SMS messages) Registration and know List of requirements for recipients to activate accounts with the your customer service provider; description of the ability to process payments or to requirements (end unregister non-account holders user account) Account balance and Details on minimum/maximum amount of funds the end user can transaction volume have in the account, as well as the numbers of transactions that can limitations (end user be received in one day account) Distribution Coverage area and Map of geographical service coverage areas in [country]. List all distribution network cash in/cash out access points (agents)
Mobile money requirements checklist Service Minimum requirements Task completed? Payment product details: Corporate (payer) Transaction tracking capabilities Details on how transactions are pre-verified before payment and how the information is provided to the payer [organization] once payments are made Sample transaction statement Registration and know your customer requirements (corporate account) List of requirements for [organization] to activate an account with the service Full description of disbursement (payment Process) Process flow chart of a funds disbursement including screenshots. Account balance and transaction volume limitations (corporate account) Details on transaction limits, including on limits on the value of payments [organization] can send to a single recipient in one day and limits on the volume of transactions [organization] can send in one day User authorization Ability to assign different user authorities within the system (i.e., maker, checker, processor) Brochure, catalog and booklet Attachment of brochures, catalogues and booklets that illustrate the service’s functions Interoperability Platform interoperability with other payment platforms Pricing Detailed pricing matrix for transactions Data storage Ability to store recipient data on the payment platform to avoid uploading names every time a payment is made Payment product details: End user (payee) Receipt of funds Notification of transaction to recipients (e.g., SMS messages) Registration and know your customer requirements (end user account) List of requirements for recipients to activate accounts with the service provider; description of the ability to process payments or to unregister non-account holders Account balance and transaction volume limitations (end user account) Details on minimum/maximum amount of funds the end user can have in the account, as well as the numbers of transactions that can be received in one day Distribution Coverage area and distribution network Map of geographical service coverage areas in [country]. List all cash in/cash out access points (agents)