Gone are the days when mobile phones were used for communicating with each other, either by using the voice feature or SMS. Today's mobile phones are not less than the computers that were lying on our tables till yesterday. Mobile payments is something that is catching up fast in in today's world of plastic money, payments using your mobile phones for your day to day activities is catching up fast. Recently, Nokia announced their partnership with YES Bank for its Nokia Money project and Reserve Bank of India also increased the transaction limit of mobile transaction upto INR 50K. Now, India's most trusted bank, State Bank of India has joined the mobile transfer money race by tying up with AirTel and BSNL. SBI has already tested this SMS based service in Chandigarh and is waiting for approval from the right authorities so that it can launch this service in other cities of India. The entities involved will be using a unique code to identify the transaction.
[Via]
Post a Comment
Please make sure that your comments are relevant to the blog post. Refrain from using links that are irrelevant, such comments and links would be deleted.