"The Reserve Bank of India has reported that the number of mobile banking transactions in India has increased by 6.01% to 7.1 million transactions (7,169,429 transaction) for the month of September 2013, up from 6.76 million transactions (6,762,969 transactions) reported in August 2013. The total amount transacted for the month has also increased by 10.85% to Rs 1.57 crore (Rs 1,56,59,947.20) from Rs 1.41 crore (1,41,27,755.94) in August 2013." Continue Reading
Showing posts with label Reserve Bank of India. Show all posts
Showing posts with label Reserve Bank of India. Show all posts
Wednesday, November 27, 2013
Sunday, October 13, 2013
Indian central bank sets up mobile banking committee
"The Reserve Bank of India has set up a Technical Committee on Mobile Banking to examine the feasibility of introducing encrypted SMS-based funds transfers across all mobile handsets. The Committee will conduct an in-depth study of the challenges faced by banks in taking mobile banking forward and the hurdles to introducing an Unstructured Supplementary Service Data (USSD) channel for person-to-person payments." Continue Reading
Tuesday, February 19, 2013
International Mobile Banking Updates - Feb 19
Al Salam Bank Bahrain launches 'Mobile' banking service
"Al Salam Bank-Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, announces the launch of its new mobile banking service "mobile", adding another unique feature to its bouquet of products and services. "Mobile" will enhance your banking experience by providing many convenient features at your fingertips."
Mobile banking helps Monitise
"TECHNOLOGY firm Monitise said people using its mobile phones to do their banking on the move had helped first-half revenues rise 63 per cent to £27.8million.It said its recent £108million acquisition of US rival Clairmail, now called Monitise America, had helped drive up demand but the cost of the deal had left it in the red at £24.4million compared with a £1.1million profit last time."
UCPB launches new mobile banking service
"The United Coconut Planters Bank reaffirmed its commitment to provide excellent customer service and further enhance day-to-day banking transactions through UCPB Connect, an online facility meant to provide banking flexibility and convenience to clients. UCPB Connect is a state-of-the-art technology that allows clients to access the bank’s services 24 hours a day for seven days a week and perform essential banking transactions such as paying bills, transferring funds, viewing balances or ordering checks even at the comfort of their own homes, offices or anywhere else that has access to the Internet."
Standard Bank and SAP Bring Mobile Banking to Over Half a Million "Flip-Phone" Customers in South Africa via SAP® Mobile Platform PR Newswire
"SAP AG (NYSE: SAP) today announced that Standard Bank has been successful in introducing its new AccessBanking offering in South Africa, aimed at meeting the banking needs of the previously "unbanked." This includes the AccessAccount, a transactional banking account based on SAP® Mobile Platform. SAP Mobile Platform integrates SAP and third-party back-end systems, which allows users to create visually rich mobile apps to extend the information from enterprise systems straight onto mobile devices. Since its inception in March 2012, the model has attracted more than 550,000 new customers onto the AccessAccount."
Why mobile banking’s not too big
"If data were to be believed, a lot of you would have graduated from using Internet banking to mobile banking already but a lot of us have still not made the leap. Reserve Bank of India (RBI), 67% of overall banking transactions still happen through cash, according to a 2011 Deloitte-Assocham study."
"Al Salam Bank-Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, announces the launch of its new mobile banking service "mobile", adding another unique feature to its bouquet of products and services. "Mobile" will enhance your banking experience by providing many convenient features at your fingertips."
Mobile banking helps Monitise
"TECHNOLOGY firm Monitise said people using its mobile phones to do their banking on the move had helped first-half revenues rise 63 per cent to £27.8million.It said its recent £108million acquisition of US rival Clairmail, now called Monitise America, had helped drive up demand but the cost of the deal had left it in the red at £24.4million compared with a £1.1million profit last time."
UCPB launches new mobile banking service
"The United Coconut Planters Bank reaffirmed its commitment to provide excellent customer service and further enhance day-to-day banking transactions through UCPB Connect, an online facility meant to provide banking flexibility and convenience to clients. UCPB Connect is a state-of-the-art technology that allows clients to access the bank’s services 24 hours a day for seven days a week and perform essential banking transactions such as paying bills, transferring funds, viewing balances or ordering checks even at the comfort of their own homes, offices or anywhere else that has access to the Internet."
Standard Bank and SAP Bring Mobile Banking to Over Half a Million "Flip-Phone" Customers in South Africa via SAP® Mobile Platform PR Newswire
"SAP AG (NYSE: SAP) today announced that Standard Bank has been successful in introducing its new AccessBanking offering in South Africa, aimed at meeting the banking needs of the previously "unbanked." This includes the AccessAccount, a transactional banking account based on SAP® Mobile Platform. SAP Mobile Platform integrates SAP and third-party back-end systems, which allows users to create visually rich mobile apps to extend the information from enterprise systems straight onto mobile devices. Since its inception in March 2012, the model has attracted more than 550,000 new customers onto the AccessAccount."
Why mobile banking’s not too big
"If data were to be believed, a lot of you would have graduated from using Internet banking to mobile banking already but a lot of us have still not made the leap. Reserve Bank of India (RBI), 67% of overall banking transactions still happen through cash, according to a 2011 Deloitte-Assocham study."
Sunday, February 17, 2013
Mobile Banking Updates - Feb 17
Startup Prepares Alternative to Online, Mobile Banking Passwords
"As banks struggle to move past passwords, a Silicon Valley startup is taking a stab at a fingerprint and facial recognition standard backed by some heavy hitters — PayPal and Lenovo among them. Nok Nok Labs, which was created a year ago by the founder of the data security vendor PGP, says it will eventually sell server software that will make the process of verifying the identity of online and mobile bank customers easier and more effective. The company plans to release its developer tool kit in March."
Is Mobile Banking Ready For Business?
"Though mobile has become an indispensable channel in banking, it hasn't quite become a "must-have" among corporate customers. Part of that is because of the limited screen size of most smartphones; corporate treasurers need to access large amounts of information, which could prove inconvenient and awkward to display on such a small device."
What’s holding us back from using mobile banking?
"If data were to be believed, a lot of you would have graduated from using Internet banking to mobile banking already but a lot of us have still not made the leap. Though the number of transactions through mobile banking increased by 64% in the April-December 2012 period, according to data from the Reserve Bank of India (RBI), 67% of overall banking transactions still happens through cash, according to a 2011 Deloitte-Assocham study."
Banks boost mobile banking efforts
"More financial institutions are promoting their mobile banking offerings as a way to attract customers and also reduce expenses related to customer service calls and branch visits. While mobile banking has been around for five or six years now, The Wall Street Journal said banks are boosting their efforts to add new features, such as bill-paying capabilities, as customers become more comfortable using their mobile phones to conduct basic financial transactions."
Mobile Banking by Voice Next Up? Print Preview
"The question is fundamental: which is faster, and easier? Inputting commands into a smartphone by typing on glass or by talking them into the device? The fact is these are phones that were developed so that users could talk into them. Other features such as data input via typing, for instance, got added on later."
"As banks struggle to move past passwords, a Silicon Valley startup is taking a stab at a fingerprint and facial recognition standard backed by some heavy hitters — PayPal and Lenovo among them. Nok Nok Labs, which was created a year ago by the founder of the data security vendor PGP, says it will eventually sell server software that will make the process of verifying the identity of online and mobile bank customers easier and more effective. The company plans to release its developer tool kit in March."
Is Mobile Banking Ready For Business?
"Though mobile has become an indispensable channel in banking, it hasn't quite become a "must-have" among corporate customers. Part of that is because of the limited screen size of most smartphones; corporate treasurers need to access large amounts of information, which could prove inconvenient and awkward to display on such a small device."
What’s holding us back from using mobile banking?
"If data were to be believed, a lot of you would have graduated from using Internet banking to mobile banking already but a lot of us have still not made the leap. Though the number of transactions through mobile banking increased by 64% in the April-December 2012 period, according to data from the Reserve Bank of India (RBI), 67% of overall banking transactions still happens through cash, according to a 2011 Deloitte-Assocham study."
Banks boost mobile banking efforts
"More financial institutions are promoting their mobile banking offerings as a way to attract customers and also reduce expenses related to customer service calls and branch visits. While mobile banking has been around for five or six years now, The Wall Street Journal said banks are boosting their efforts to add new features, such as bill-paying capabilities, as customers become more comfortable using their mobile phones to conduct basic financial transactions."
Mobile Banking by Voice Next Up? Print Preview
"The question is fundamental: which is faster, and easier? Inputting commands into a smartphone by typing on glass or by talking them into the device? The fact is these are phones that were developed so that users could talk into them. Other features such as data input via typing, for instance, got added on later."
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