Quiz: What is mobile money?

Which transactions can a customer perform once they have logged into their mobile money wallet?

Choose all the answers that apply.

How would a customer recharge their phone with airtime?

True or false? 

The mobile money wallet requires more stringent security measures than an airtime wallet.

On which two continents has the transformative power of mobile money become clear?

Mobile money operators are building their own mobile money applications which are similar to which kind of apps?

Which of the mobile money channels is the most popular?

To which type of channel is the hosted payment page most similar?

True or false?

The API channel is not typically used for machine-to-machine communication?

Why is USSD, which is a relatively old technology, still being used extensively across Africa?

What are the main types of users on the mobile money system?

Mobile money accounts contain which kind of money?

Which type of transaction involves one business paying another business?

Which type of transaction involves a customer paying a merchant for goods or services received?

Which channel involves interactions with the mobile money ecosystem that don’t necessarily result in the movement of funds?

Which of the following are considered core components of the mobile money ecosystem?

Choose all the answers that apply.

The payment gateway is extremely important for which reasons?

Choose all the answers that apply.

There are three systems that can host or render the USSD menu. Which one of the following cannot?

Which of the following components is not controlled by the mobile network operator?

True or false?

The core wallet platform logs every transaction that occurs on the platform so there is a complete history of what has occurred.

True or false?

The payment gateway platform is responsible for performing debits and credits, thereby keeping the system balanced.

In a single-stage payment, when is money debited from the customer’s account and credited to the third party’s business account?

Multi-stage payments are broken into which two stages?

True or false?

When something goes wrong in a multi-stage payment, the decision to either commit or rollback the reserved funds is based on the feedback received from the third party system.

When the payment gateway receives a response from the third party system that it doesn’t cater for, and doesn’t have the business logic to handle, the transaction goes into which state?