MMID (Mobile Money Identification) Meaning, How to get MMID

Aaditibonnfwcs12 Aug, 2023Finance

Read about MMID, its full form, meaning, and significance in banking. Understand how MMID facilitates easy and secure fund transfers. Check out now! What details do you need to transfer money to someone's bank account? Until a few years ago, you needed the beneficiary's bank account number and IFSC code. But thanks to the intersection of banking and technology, sending money is a cakewalk. All you need is the beneficiary's seven-digit MMID. But what is MMID, and how does it work?