Loop Mobile introduces mobile money transfer service

The service allows subscribers to make payments by sending a text communication, Loop Mobile said in a statement.

Loop Mobile said it has introduced a mobile money transfer service ''M WALLET'' in Mumbai.

The service allows subscribers to make payments by sending a text communication, the company said in a statement.

“Apart from serving as an easy alternative to cash/card payment options, we offer the convenience of instant money transfer to any mobile subscriber in the country,” Loop Mobile (India) chief operating officer Surya Mahadevan said.

Loop Mobile has launched the service in collaboration with electronic payment service provider ZipCash.

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