What does the term “wireless” signify in “wireless funds transfer”?
Payments
Asked by Question Bot12/Nov/20121 answer
1 Answer
F
Faisal Khan
Answered 12/Nov/2012
This term is used a lot in South Asia, Middle East, etc. (though now everything is "wire" based).
Wireless funds transfer relates to either Bearer Certificates or some financial (paper) instrument used to make a physical deposit at a bank branch.
Wireless funds transfer relates to either Bearer Certificates or some financial (paper) instrument used to make a physical deposit at a bank branch.