RBI releases Report of the Technical Committee on Mobile Banking
The Reserve Bank of India has today released, on its website for public comments, the "Report of the Technical Committee on Mobile Banking". The comments may be emailed sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001… Read More
Tags: India, Mobile banking, Reserve Bank of India, , Telecom Regulatory Authority of India, TRAI, Unstructured Supplementary Service Data, USSD
RBI appoints Technical Committee on Mobile Banking
The Reserve Bank of India has announced the constitution of a Technical Committee on Mobile Banking, to examine the options/alternatives including the feasibility of using encrypted SMS based funds transfer using an application that can run on any type of handset for expansion of mobile banking in the country. Terms of Reference of the Committee… Read More
Tags: Chief Information Officer, HDFC bank, ICICI Bank, India, Mobile banking, National Payment Corporation of India, Reserve Bank of India, Unstructured Supplementary Service Data
TRAI issues new guidelines for activation and de-activation of Value added Services
Telecom Regulatory Authority of India (TRAI) issued a Direction to the service providers, on the procedures for providing Value Added Services (VAS) and for de-activation of the Value Added Services so as to protect the interest of consumers. Activation of Value Added Services by service providers has been the cause of many customer complaints and is… Read More
Tags: Authority, Service Provider, , SMS, Telecom Regulatory Authority of India, Unstructured Supplementary Service Data, Value-added service, VAS