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With the RBI guidelines coming to the fore the mobile payments market has an official go ahead from the authorities. So we thought it was a great time to speak to some of the mobile payment players and know what they feel are the challenges and opportunities of this market.
We spoke to Sanjay Swamy CEO, [...]

According to the latest guidlines drafted by RBI banks may soon have to issue separate M-Pins for customers who wish to use their mobiles for making payments. With mobile payment players like paymate, mchek, ngpay and others lining up to offer mobile payments solution its only natural that the banks collaborate and make another convenience [...]

Reliance Globalcom, the international arm of Reliance Communications, is planning to launch a global backbone to enable international inter-bank transfer on mobile platforms across 110 countries reports Business Standard.
 
Idea also announced a similar move last month by joining hands with Tata Communications and Etisalatof UAE. Their pilot will be tested only in the 1 country. Reliance on the other [...]

 
Brace up. After the 15th of June, you probably will be able to use your mobile phone as a debit card or a credit card.
 
 
The Reserve Bank of India, in its annual policy statement on Tuesday, said it was in the process of formulating the guidelines for a payment system using mobile phones. RBI is in [...]

Mobile Phone subscriptions in India recently crossed 260 Million in India making it the 2nd largest mobile market in the World. Everyone in Mobile has been grappling with revenue models.
 
 
The telecom providers in India currently on an average make about $7 per subscriber. They are looking at newer ways to drive up that figure. They [...]

After e-commerce the next cool thing to hit Indian users is mobile-commerce. Earlier I had blogged about Money Transfer through Mobile Phones. It is really catching up especially with Bank Sectors. HDFC Bank is taking the trend to the next level.
 

 
HDFC are planning to come out with mobile wallets. Thinking what is so special about [...]