Get premium membership and access questions with answers, video lessons as well as revision papers.
i) Confidentiality - a secret PIN is used to access information on the account
ii) Ease of use - as the agent assists in carrying out the transaction/can is used even by illiterate
people/easy to understand.
iii) Fast transfer of money to the receiver/without delay.
iv) Convenience - the agents (where money can be deposited/withdrawn) are located close to the
user/the service is easily accessible to the users/agents/phones are found throughout the
country/even in remote places/one can send/receive money at any place.
v) Affordability - the charges for sending/receiving money is low/affordable.
vi) Security/safety - sending money is quite safe/reliable (so long as the correct pin/receivers
phone number is used)/its more safe than carrying cash/one needs a pin to send/receive money.
vii) Acceptability - many people accept it as a way of transferring money/means of payment.
viii) Facilitates m-banking - money can be withdrawn/transferred the mobile phone through bank
ATM machines/transferred to/from bank accounts.
ix) No account maintenance fee for keeping money in the mobile phone.
x) Short/simple procedure to register for the service.
monica20 answered the question on November 11, 2017 at 11:15
- Describe five ways in which the price of a product can be determined in a market.(Solved)
Describe five ways in which the price of a product can be determined in a market.
Date posted: November 11, 2017. Answers (1)
- Labour is one of the basic factors of production. Outline five measures that a business can take to increase the productivity of its labour force.(Solved)
Labour is one of the basic factors of production. Outline five measures that a business can take to increase the productivity of its labour force.
Date posted: November 11, 2017. Answers (1)
- Explain five principles that guide the tax system in a country.(Solved)
Explain five principles that guide the tax system in a country.
Date posted: November 11, 2017. Answers (1)
- Explain five advantages of a public limited company as a form of business.(Solved)
Explain five advantages of a public limited company as a form of business.
Date posted: November 11, 2017. Answers (1)
- The Kenyan government has plans to construct a major seaport at Lamu. Explain four benefits that may accrue to the country from this new port at...(Solved)
The Kenyan government has plans to construct a major seaport at Lamu. Explain four benefits that may accrue to the country from this new port at Lamu.
Date posted: November 11, 2017. Answers (1)
- Discuss six reasons why many Kenyans are increasingly shopping in supermarkets.(Solved)
Discuss six reasons why many Kenyans are increasingly shopping in supermarkets.
Date posted: November 11, 2017. Answers (1)
- Explain five roles that intermediaries play in the distribution of goods and services.(Solved)
Explain five roles that intermediaries play in the distribution of goods and services.
Date posted: November 11, 2017. Answers (1)
- Give sources of capital for partnership type of business(Solved)
Give the disadvantages of Sole Proprietorship type of business
Date posted: November 11, 2017. Answers (1)
- Give the disadvantages of Sole Proprietorship type of business(Solved)
Give the disadvantages of Sole Proprietorship type of business
Date posted: November 11, 2017. Answers (1)
- Explain four objectives of communication skills(Solved)
Explain four objectives of communication skills
Date posted: November 10, 2017. Answers (1)
- Outline functions of the world bank(Solved)
Outline functions of the world bank
Date posted: November 9, 2017. Answers (1)
- Imagine you have collected your form four national examinations results, you have passed very well. Write a thank you note to your class teacher(Solved)
Imagine you have collected your form four national examinations results, you have passed very well. Write a thank you note to your class teacher
Date posted: November 9, 2017. Answers (1)
- Explain five reasons why the insured may not be compensated despite suffering a loss (Solved)
Explain five reasons why the insured may not be compensated despite suffering a loss
Date posted: November 9, 2017. Answers (1)
- Highlights five benefits of sending letters and parcels by courier services(Solved)
Highlights five benefits of sending letters and parcels by courier services
Date posted: November 9, 2017. Answers (1)
- Explain five reasons why Kenya may restrict trade with other countries(Solved)
Explain five reasons why Kenya may restrict trade with other countries
Date posted: November 9, 2017. Answers (1)
- Explain six monetary policies that the government can use to curb inflation (Solved)
Explain six monetary policies that the government can use to curb inflation
Date posted: November 9, 2017. Answers (1)
- Outline four dangers of comparing living standards in different countries using national income statistics.(Solved)
Outline four dangers of comparing living standards in different countries using national income statistics.
Date posted: November 9, 2017. Answers (1)
- Outline four advantages of using e-mail in communication(Solved)
Outline four advantages of using e-mail in communication
Date posted: November 9, 2017. Answers (1)
- Give four factors that one should consider when choosing a means of transport(Solved)
Give four factors that one should consider when choosing a means of transport
Date posted: November 9, 2017. Answers (1)
- State four factors that determine the choice of human wants to be satisfied(Solved)
State four factors that determine the choice of human wants to be satisfied
Date posted: November 9, 2017. Answers (1)