Mobile remittance service launched in India

India on Monday moved a step closer to making mobiles virtual wallets by launching services that allow seamless and real-time fund transfer from one person's bank account to another through......

Mobile banking, cash at PoSales remain dismal

Banks have shown little progress in the areas of mobile banking and cash at point-of-sales (PoS) terminals, even after nearly two years of the Reserve Bank of India (RBI) allowing banks to run such......

How to carry out mobile banking

Heard about mobile banking? "Yes," pat comes the reply from Mumbai-based Supriya Pandit.She was issued a Mobile Money Identifier by her bank, two months back. But the 30-year old graphic designer......

RBI to simplify KYC norms

The Reserve Bank of India (RBI) will soon come up with guidelines to simplify know-your-customer (KYC) norms and to make Aadhaar the proof for address and identification."In the next few days, we......