Our guide today will focus on the Absa IMB account in South Africa.
We will first show you what an IMB account is.
What Is IMB Account
This is a financial and technical start-up based in South Africa mobilizing money through cellphone technology to create wealth and solve real-world problems in emerging markets.
The objective of this account is to provide financial dignity for everyone.
The company has developed a solution that offers financial transaction capability and products for consumers, corporates, financial service providers, and the community.
Now that you understand what an IMB is we will show you how the Absa IMB account works.
Absa IMB Account
The account offers both network and bank agnostic by offering a full transaction capability through the internet or mobile phone.
You do not need a smartphone to access the service as you can use any mobile phone.
You can purchase airtime, electricity, Metrorail tickets, or any other virtual service through a mobile phone.
The account integrates the virtual internet and mobile world with the real world of goods and cash with an IMB debit card.
The debit card allows customers to swipe for goods and services and withdraw cash from the account.
The service works out even where there is no traditional banking or financial services infrastructure providing for the rapid development of a national or international footprint.
The IMB ecosystem comprises employers, retailers, service providers, transport providers, and consumers with the ability to make payments, automate administration and collect premiums.
The account has a unique capability and technology to serve the mass south African market.
It serves existing markets and extends its services to markets previously neglected due o complexity and cost by providing cost-effective, accessible products, systems, and technologies.
Absa has not yet activated the IMB account in South Africa.
This is all you need to know about the Absa IMB account in South Africa.