Jiffy

Jiffy is a person-to-person service that, via a smartphone app, allows money to be transferred simply by selecting the recipient from the mobile's address book.


Link to external site : Website for Jiffy
Jiffy
Brand
Launched in
Status
Launch
Importance
Traction
Evaluation
201607: Rapid traction due to SIA role and all banks
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Account Type
Bank Account
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Business Model
Class
Send Services Receive

Mobile


Account

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MMT
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Account


Mobile

Model
Who Leads?
third party led
Upgrade to Bronze
Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Persona
Purpose
Active Services
Card Type
ServicesDescription
Channels
Payment Instruments
Cash I/O Description
Cash I/O No Of Locations
Handsets
Any smartphone
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Technologies
Android, iOS or Windows apps
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Interoperability
Multiple Banks
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RegistrationProcess
To use Jiffy, the user needs to have a smartphone and to be a current account holder at a Participant Bank. User registers through their bank portal, providing mobile number and downloads bank app.
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Main Segment Mobile
Segment Description Banked

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