BSNL plans to launch a mobile banking platform which will help mobile subscribers to send money orders electronically through SMS. The SMS by the sender will be encashable at all post offices. In order to send money, go to the nearest post office and transfer the money by way of an SMS. The SMS will contain a unique code. The person who receives this SMS real time, can go to his nearest post office and collect the money by showing the code. BSNL expects to roll out the service after getting the Reserve Bank of India’s approval. Read full story »
mChek is certified by Western Union as a Mobile Money Transfer Vendor. Whether for sending money or receiving money, Mobile Network Operators (MNOs) around the globe can now use the mChek platform as their technology service provider platform and partner with Western Union to offer Money Transfer Services to customers through a turnkey hosted service. This reduces integration costs and accelerate go-to-market activities for banks and mobile operators by creating standard technical deployments. Read full story »
You can now pay your Tata DoCoMo mobile bills by simply sending an SMS using an ItzCash card. Tata DoCoMo has entered into an agreement with ItzCash Card to have the mobile bill payments for the Tata DoCoMo consumers. To make the mobile payment, Tata DoCoMo customers just need to SMS the keyword PAYBILL, the amount, ItzCash account number and password and send it to 121. Read full story »
Amazon launched “Amazon Mobile Payments Service (Amazon MPS)”, which enables existing Amazon customers to use the payment and shipping information in their Amazon.com accounts to make purchases from their mobile devices. Customers will experience easy purchasing with Amazon’s 1-Click checkout on their mobile phones. Amazon MPS can be used within a native mobile application or on a mobile website. Amazon MPS enables you to get a payment authorization from your customer while on a mobile website or within a mobile application, make one-time payments, enable easy 1-Click purchases, refund completed payments, and cancel transactions. Read full story »
A survey by Forrester Research found that 15 percent of Japanese mobile phone users make payments and purchase products in stores with their phones, reports CNN. Only 3 percent of people in North America are expected to conduct mobile payments in 2012. Analysts say that within five years, mobile phones in the United States will be able to make electronic payments, open doors, access subways, clip coupons and possibly act as another form of identification. These futuristic uses for phones are becoming reality in countries like South Korea and Japan, which typically are ahead of the United States in mobile technology. Read full story »
