The sender downloads a Coin fling mobile application (app) to facilitate transfer of funds.
The sender executes a funds transfer from his credit/ debit card using the mobile app charging his card and crediting the Coin fling remittance pool.
Upon execution, a ‘send transfer’ message is sent to the Coin fling web portal, and a random code generated and sent to the recipient (in Kenya) via text message.
1. It is much cheaper than other money transfer services e.g Western Union and the Remmitter is the one who meets the charges and not the Receiver.
2. It is faster- transfer is real-time.
3. Funds can be received by the bank then sent to the receiver via Mpesa upon request - meaning the receiver does not need to come to the branch to collect.