Discussion
Which of the following is not true about Mobile Money Identifier (MMID)?
Answer: D
Correct answer: A unique MMID and mobile number combination helps in identifying the beneficiary’s details. A single MMID can be linked to a mobile number.
The last sentence is the untrue part. The relationship runs the other way: a customer with several accounts at the same or different banks can obtain a separate MMID for each, so multiple MMIDs may be linked to one mobile number. That is precisely how the scheme lets a user choose which account to transact from.
The other statements are correct. The MMID is a seven-digit number issued by a bank, it is uniquely tied to the customer's mobile number and account, and both remitter and beneficiary need one for a mobile fund transfer, since the mobile number and MMID together identify the destination account.
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