mobile banking

Home
mobile banking

Sanjay March 22nd, 2014 2:34 PM 19 COMMENTS

Exclusive : Idea Cellular to Launch ‘idea Money’ Mobile Payment Service

Leading mobile service provider Idea Cellular all set to launch "idea Money" a mobile wallet service, across India, similar to Airtel Money and Vodafone M-Pesa. According to our exclusive source, With 'idea Money' Idea Cellulars postpaid and prepaid customers can not only be able to deposit and withdraw cash from designated outlets, but they can also transfer money to any mobile phone in India. This money can be used to... Read More

Sanjay November 28th, 2013 3:06 PM 3 COMMENTS

India’s Telecom Regulator TRAI Prescribes Tariff for USSD-based Mobile Banking Services

In a bid to promote use of Mobile Banking Services across India, TRAI has come out with new Guidelines and Tariff on Unstructured Supplementary Service Data known as USSD -based mobile banking services. Telecom regulator TRAI has prescribed that ceiling tariff for an outgoing USSD-based mobile banking service shall be Rs.1.50 per USSD session. All mobile service providers should facilitate not only the banks, but also the authorized agents of... Read More

Sanjay July 17th, 2012 5:13 PM 17 COMMENTS

BSNL Partners With State Bank of India, Launches USSD Based ‘Mobile Money’ Services

India's National Telecom Backbone Bharat Sanchar Nigam Ltd (BSNL) and State Bank of India (SBI) today announced a partnership for extending banking and payment services (Mobile Money) to India’s unbanked millions through the ubiquitous USSD SMS based mobile platform. With the partnership announced today BSNL customers having their account with State Bank of India (SBI) can enjoy Mobile Banking facility with all banking transactions including Money Transfer, Mobile to Mobile... Read More

Sanjay 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

TT Desk February 1st, 2011 12:04 PM 7 COMMENTS

Mobile Broadband: Enabling Last Mile Connectivity

The government and the RBI have made efforts to facilitate provision of financial services to the hitherto unbanked / underbanked areas. The RBI used the term financial inclusion for the first time in its annual policy statement of 2005-06, Since then the banks have taken several measures for promoting financial inclusion such as advising banks to open ‘no frill’ accounts, introduction of business correspondence (BC)/Banking Facilitators (BF) model, promotion of... Read More

P K Tarun December 8th, 2010 1:54 PM 9 COMMENTS

Tata Indicom Launches Remittance Service Through CellPay

Tata Indicom, the CDMA Mobile Service operator has announced its tie up with eSSecom to offer CellPay Mobile Payment (Direct Debit to Account) Solutions. eSSecom's CellPay solutions will provide consumers the convenient and secure way to make their payments through their mobile phones using funds in their bank accounts (Direct Debit to Account) or through credit card. This service is available for all Tata Indicom postpaid mobile subscribers across Karnataka... Read More

Sanjay 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

TT Desk October 21st, 2010 3:06 AM 5 COMMENTS

Mobile Banking For Financial Inclusion

Traditional banking has a ‘last mile’ problem.The fixed cost of the branch network is too high for servicing low value users and low density rural areas.Traditional wireline telecommunications also has a ‘last mile’ problem in the form of high fixed costs of the ‘local loop’. Mobile wireless telephony appears to have been successful at overcoming the last mile telecommunications problem. Even though the wireless rural teledensity of 20% is only... Read More

Sanjay July 23rd, 2010 12:13 PM 8 COMMENTS

BSNL Ties-Up with UBI for Bill Payments and Recharge Via Mobile Phone

India's National Telecom backbone Bharat Sanchar Nigam Ltd (BSNL) today announced the pan-India Launch BSNL Postpaid bill payment and GSM Mobile top-up and easy recharge services through mobile banking and ATMs of Union Bank of India (UBI). The new services enabled BSNL subscribers to pay BSNL bills or top-up their mobile phones. With this initiative BSNL customers who has an banking account with Union Bank of India can makes payment... Read More

Sanjay May 26th, 2010 1:09 PM 0 COMMENTS

VISA and Monitise to Launch Financial Services on Mobile Phones in India

Visa Inc, the world's largest retail electronic payments network, and Monitise, leaders in the development and operation of "Mobile Financial Services", today announced the formation of a joint venture that will provide a technology platform for financial institutions and Mobile network operators in India to offer a range of mobile financial services to consumers. The joint venture builds on an existing partnership between Visa and Monitise, and will give providers... Read More

Sanjay December 26th, 2009 12:03 PM 4 COMMENTS

RBI Renovates Mobile Banking Norms, Transact up to 50,000

If you are Mobile Banking users than here is the good news for you! Reserve Bank of India increased the transaction limits for mobile banking five times, Now all Banks are permitted to offer mobile banking to their customers subject to a daily cap of Rs.50,000 per customer for transactions on-line shopping and involving purchase of any goods or services, as well as funds transfer. Currently, all the mobile banking... Read More