A SYSTEM FOR CONVERTING ELECTRONIC CASH TO PHYSICAL CASH AND VICE VERSA VIA PERSON TO PERSON ELECTRONIC FUND TRANSFER AND METHOD THEREOF

摘要

The present invention relates to a system based transaction to convert physical money to electronic money and vice versa. More particularly, the invention pertains to a method and system for converting electronic cash to physical cash or equivalent, or vice versa via person to person electronic funds transfer between one or more existing bank accounts or electronic wallets using a common platform. The method and system thus allowing the customer to discover, mediate, and facilitate transaction by leveraging cash-in-hand and/or electronic balance.