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Posts Tagged ‘ Mobile banking ’

Govt drafting policy for e-wallets, m-banking to mitigate cyber fraud risk

Tuesday, February 7, 2017 | More »

The Ministry of Electronics and Information Technology (MeitY) is drafting a policy on mobile wallets and mobile banking to mitigate the risk of cyber fraud. Besides, to instil confidence among those who conduct digital transactions, the government is also considering insurance protection against cy...


A look at key recommendations of RBI committee on mobile banking

The central bank has been both lauded and criticised by different sections of the industry over its moves related to allowing mobile banking in the country. It had constituted a technical committee under the chairmanship of B Sambamurthy, director, Institute for Development and Research in Banking T...

14 February, 2014 | More »


RBI considering development of SMS-encrypted, handset-agnostic app for mobile banking

Reserve Bank of India (RBI) has appointed a technical committee, comprising senior executives predominantly from the banking and mobile sectors, to examine the feasibility of implementing a SMS-based funds transfer service using an app that can support any type of mobile handset, including feature p...

10 October, 2013 | More »

Mobile Banking Revolution: Axis, Federal, Union Bank Roll Out Transactions On Mobile

Mobile banking seems to be the flavour of the season. We have seen three major initiatives from banks and telcos and other mobile companies in the last fortnight pushing the financial inclusion initiatives through mobile. Federal Bank/National Payment Corporation of India: Last week, Kerala-based Fe...

19 March, 2011 | More »