P2P Money Transfers via Mobile Number
The functionality “Transfer via Mobile Number iute P2P” is part of the payment services offered within the Myiute application.
It allows you to initiate and receive transfers to and from individuals who have activated the service in the Myiute application. To initiate a transfer, you only need to select the recipient’s mobile phone number from the contact list on the device where the service is activated. Use of this functionality requires its explicit activation in your Myiute application. No payment account details are required to send or receive funds.
What does this mean?
If you give consent for your mobile phone number to be visible, other clients will be able to find you by your number (including the country code) and quickly and easily send funds to you.
You retain full control over the ways in which others can find you.
Reasons to activate the service:
Faster payments: When someone wants to send you money, there is no need to know your payment account number.
Easier payments: Receiving funds becomes easier and faster.
How can you adjust your settings?
Go to Myiute → My Profile → Personal Data → Privacy Settings → Visibility.
Under Visibility, enable or disable the options “Visible by phone number” and “Visible by name”.
If you disable “Visible by mobile phone number”, your profile will not appear in the Contacts search by that number.
Note: To use the service “Transfer via mobile phone number via P2P”, you must enable the option “Visible by mobile phone number”.
Important: You can activate or deactivate the service “Transfer via mobile phone number via P2P” at any time and for any duration you choose.