The mHITs Remit micro-remittance service allows Australians to send money to partner mobile wallet operators in other countries by sending an SMS to mobile wallets of GLOBE GCASH and SMART Money in the Philippines. Link to external site : Website for mHITs Remit Australia |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2012 Mar Register/Log In |
| Importance |
Medium Register/Log In |
| Traction |
Low but Growing Upgrade to Bronze |
| Evaluation | |
| Account Type |
Stored Value Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Location  Mobile |
 Account  Card |
 |
 IMT  MM |
|
Account  Wallet |
Location Mobile |
| Model |
non-bank based Upgrade to Bronze |
| Who Leads? |
third party led Upgrade to Bronze |
| Reach |
Corridor Upgrade to Bronze |
| Active Users |
-- NA -- Upgrade to Bronze |
| Registered Users |
-- NA -- Upgrade to Bronze |
| Potential Mobile Market (m) |
29.675 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| ServicesDescription |
No credit cards are required to set up your mHITs account. You don't even need to have a bank account to use mHITs. You only need a bank account if you want to transfer money out of your mHITs account.
All payments should show up in the mHITs account straight away. However, payments to and from bank account to mHITs may take up to two or three business days. |
| Channels | |
| Payment Instruments | |
| Cash I/O Description | |
| Cash I/O No Of Locations | |
| Handsets |
No need of a smartphone - uses SMS so it works on all mobile phones that can send and receive SMS messages. However, if you have an iPhone, you can download the mHITs iPhone application that makes using mHITs a little easier. Register/Log In |
| Technologies | |
| Interoperability |
any phone will work as long as it uses one of the "Supported Networks" Register/Log In |
| RegistrationProcess |
| Main Segment | Migrants |
| Segment Description |