My Mobile Payments Ltd (MMPL) a mobile payment service provider, has launched a new mobile wallet service in India that can be used by customer of any mobile operator or bank (you don't need be with any bank at all), the service called 'Money on Mobile' or MoM, can be used by mobile subscribers to make bill payments, purchase goods and services without the need of cash, cheque or credit/debit card.The service allows users to load their mobile phones with cash of various denominations starting from Rs 20, at retail touch point of MoM, and then use this virtual money to top up any prepaid mobile or DTH, or pay postpaid bills, utility bills such as electricity, gas, buy airline, bus, and movie tickets etc.
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