There is always a need to transfer money from one user to another for either payment of services or settlement of business transactions and soon. Research has shown that traditional money transaction systems are prone toattacks through falsified deposit slips and drafts, theft of debit cards, forgery ofsignatures, use of false cheques and so on. Electronic money transaction is apayment performed from an electronic device which enables users to have access to their money anywhere and at any time with the aid of a network but notadequately secured. This application offers a platform independent of securingand transferring money using data masking and an enhanced base64 algorithmfrom one account to another. The study improves on existing money transferand transaction systems by achieving a secured mobile money transaction system with masked and encrypted financial details both on the mobile applicationand also on the short message service application (Text Message Notification)sent to user’s platform which makes it difficult for third party to intercept andunderstand.
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