- ICICI Bank Launches Mobile Banking Application
- Mobile Payment Roundup
- Airtel Pilots Mobile Money Transfer
- RCom Ties Up With Times Financial Services For Money Transfer
Why? It would be interesting to go through this report by Juniper Research. It says:
"...the mobile phone has enormous potential when used as a tool for financial services, and is only just at the beginning of a journey that is likely to revolutionize the sector in a similar manner that the ATM (Automated Telling Machine) did for the banking and cash business - which in contrast took some twenty years to fully develop."
It also says:
"...the rush by banks and mobile operators to deliver financial services to the mobile phone will result in just over 612 million mobile phone users generating over $587 billion worth of financial transactions by 2011."
Wow!
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