> ## Documentation Index
> Fetch the complete documentation index at: https://docs.waftpay.io/llms.txt
> Use this file to discover all available pages before exploring further.

# What is Mobile Money?

> A primer on how mobile money works and why it matters in digital payments.

Mobile money is a **digital wallet** service that lets customers store, send, and receive money using a **mobile phone**.
It’s widely used across Africa and emerging markets as a substitute for traditional banking.

## Core features

* **Store Value**: Safely hold money in a mobile wallet account.
* **Transfer Funds**: Send and receive money instantly to peers or merchants.
* **Cash In/Out**: Deposit or withdraw from agents, banks, or ATMs.
* **Pay Bills**: Utilities, tuition, subscriptions, and more.

## Why it matters

* Financial inclusion for the **unbanked**.
* Faster, cheaper, and more reliable than traditional cash transactions.
* Serves as the backbone of fintech services like **Waftpay**.

In Waftpay, mobile money is the **primary payment rail** for collections and payouts.