Nedbank Send-iMali is a solution that allows you to send money to anyone with a valid South African cellphone number. The recipient can then withdraw the funds at any Nedbank ATM.
With Send-iMali you can pay salaries and wages, up to R4 000 per transaction, to employees who don’t necessarily have a bank account but do have a valid South African cellphone number. You can also use it to send money in an emergency. The transaction is performed in real time, at no cost to the recipient.
On NetBank Business:
On CPS:
To use Send-iMali on NetBank Business go to Transactions > Payments to process or import multiple or single Send-iMali payments. Copy previous batches when paying the same beneficiaries more than once on NetBank Business.
To use Send-iMali on CPS use the existing file layouts and populate the destination branch with six zeroes (000000), include the recipient’s cellphone number in thedestination account number field and use service 22.
<Date & time>. Nedbank Send-iMali,<Title & name> has sent you R50,00. OTP is 099060. Expires in 48 hours. If expired, dial *120*001#.
The recipient will receive an SMS like the one below and can access the money by selecting ‘Cardless transactions’ on the ATM screen:The initial one-time PIN (OTP) received in this SMS is valid for 48 hours. Airtime is needed to request another OTP should the initial one expire.
For more information please contact your transactional specialist.
Watch a YouTube video for more information - https://youtu.be/Jm8wM_4aaFQ