Loop Mobile today announced the launch of  person to person transfer of money via an SMS. The service is in collaboration with ZipCash. Named as ‘M WALLET’ service, subscribers have access to make social payments to their friends and family by sending a simple text communication.

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Unlike other existing services, Loop Mobile M WALLET can be used to send money to ANY mobile number, of ANY operator across India M WALLET is free to transfer money unlike other mobile operators.

The service works for Prepaid top-ups of ANY operator, and Bill pay of ANY operator this has also been integrated with Zipcash

To get started on the M Wallet experience, consumers need to follow three easy steps:

Step 1: Send “Money” to 51888 (tollfree) to create your free M-Wallet.

Step 2: Load Cash in your M-Wallet.

Step 3: Start using M-Wallet for various service payments.

To upgrade & transfer money: Complete KYC (Know your Customer) & use it.

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