March 15th, 2011 11:45 AM 14 COMMENTS

Now Transfer Money To Any Bank via Mobile Phone At 10p

In a bid to boost the Mobile Banking services in India, National Payments Corporation of India (NPCI) has reduced the transaction fee for Mobile Money Transfers via Inter-Bank mobile payment service (IMPS) to 10 paisa from the existing 25 paisa per transaction to the remitting bank. In case of SMS based remittance, the account holder will be charged Rs. 2 per SMS, which NPCI is trying to get waived-off by... Read More

November 23rd, 2010 1:53 PM 15 COMMENTS

Now Transfer Money To Any Bank via Mobile Phone in India

India has moved a inche closer to making mobile phones virtual wallets by launching another innovative product that will allow seamless and real-time inter bank fund transfer from one person's Bank account to another through Mobile Phones. National Payments Corporation of India (NPCI) commercially launched the "Interbank Mobile Payment Services it is India's first instant, real-time, 24*7 fund transfer facility in the retail payment sector. IMPS is co-created by NPCI... Read More

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