Mobile Banking Updates International - Feb 2

Are you ready for M-banking?
"Airtel, Vodafone and Idea are rolling out mobile banking services, but it remains to be seen how the concept catches up with consumer interest in 2011. Mobile phone penetration is set to reach 60 per cent of India’s population in 2011, but banking touch points lag at about 0.07 touch points per 1,000 people, said a Deloitte-Assocham’s estimates."

Mobile Banking - A look into the future
"Dr Patrick Dixon is often described in the media as Europe's leading Futurist and has been ranked as one of the 20 most influential business thinkers alive today (Thinkers 50 - 2005). In this video Dr Dixon takes a look at where mobile banking could be heading and paints an interesting picture. Who is going to win the coming battle between banks and mobile phone operators?"

There's money in the mobile
"Subodh Mandal manages to make about Rs 200 a day, working hard as a rickshaw puller on Delhi roads. Today he doesn't have too many options to quickly reach the hard-earned money to his family of six back home in Jharkhand. But soon, Mandal will be able to use his cheap mobile phone for sending money to his family within minutes. This will be made possible because mobile operators and handset makers are now beginning to roll out mobile banking services in a big way."

Spanish bank Banco Sabadell debuts mobile remote deposit capture
"Banco Sabadell is enhancing its mobile banking platform with the launch of Instant Check, which the Spanish bank claims is the first mobile remote deposit capture service in Europe. Instant Check lets the bank’s customers make a deposit by taking a picture of a check with their mobile phone’s camera, eliminating the need to go to a bricks-and-mortar branch. The service is already available for several mobile platforms, including iPhone, Android, BlackBerry and Windows Phone 7."

2011 China Financial Technology Investment is set to be driven by Mobile Banking, Online Payments and Business Intelligence - says Kapronasia
"An increasingly sophisticated customer-base is pushing Chinese financial institutions to change the way they interact with their customers. In 2011, Chinese financial industry executives will be focused on developing more robust channels and customer insight to better interact with clients and understand their specific financial needs believes Kapronasia. These insights and more are detailed in the report entitled “China Financial Technology 2011 – Top 10 Trends shaping the Industry" which details Kapronasia’s predictions on the 10 key technology areas that Chinese financial institutions will be focused on in 2011."

eTranzact sets pace for improved mobile banking
"Considering that anywhere in the world where mobile banking or mobile money is to be launched, the major headache is always how to get all the users key into a compatible mobile phone to carry it on, Nigeria may also break another ground in mobile money when it is finally launched here. This is as a Nigerian electronic switching and payment processing platform, eTranzact International Plc has finally set that hurdle aside, introducing new global and interactive Unstructured Supplementary Service Data (USSD)."