Will mobile banking change the banking scenario in India??

I agree to the comments made by Mr. Paul. His vision is indeed very clear about the entire mobile banking scenario. His solution to mobile banking is very effective. I totally support his ideas.

Yes, this is quite likely specially for rural india where availability of a Bank Branch is quite distant.

By now we know that in India there are more Mobile phones than 'toilets' - meaning reach of Mobile is more even where basic hygine may not be maintained.

Money and mobile when combined may have wide demand. Once adopted this may change Banking scenerio.

Let us wait and see Mr.Satardu, It is premature to come to a conclusion now. How the modus operandi is coming into being is to be seen yet.

Yes. Telephone as a normal communication device is limited by the ecosystem of the area. The most important principle of Telephony is that "Statistical equilibrium" in an area normally do not change by itself unless the overall eco system in the area undergo substantial change. Therefore, enhancement of telephone density, the average usage and average revenue per user etc. do change much with introduction of most of the current 'Value added Services'. This is the reason most of the operators are failing to improve ARPU with so many VAS that are beong introduded every other day.

Neverthess, Mobile phone device has become part of personal belonging round the clock and where ever one go, it shall be possible to use it for more day to day requirements and functions.

In this context, Money Mangement using mobile phone in its various forms has better scope as a VAS that can increase te phone usage, other than for intercommunication.

Some ideas on these can be seen in my posting in this space with topic name "Mobile Money Manager' 

I recollect reading an article where it mentions Demography, as a major  force in most changing scenarios.  I personally think that it would. Most young people have limited capacity to spend on new services,  but a higher tendency to adopt to new technology. There is no doubt that mobile is bridging the digital divide, in India. Large numbers of new mobile accounts are being opened. The application itself is easy. One can make payments and transfer money simply, by dialing numbers.

Thanks for the referral Ms Rashmi

Mobile banking will take time to fully get implemented and a lot of hassles would come in the way, but it will surely be a revolution in Indian Banking.

yes, it will change but it will it take time because yet people are not use to it..... and it is must.

I think yes, for the first time we will be having 600 million connected people in the form of mobile connections, and if a simple banking platform is introduced on mobile phones, it will help many people in that regard, infact rural banking which is getting difficult, mobile banking will be a possible solutions for them.  Also financial inclusion cannot be achieved without inclusive growth and every initiative should be directed at the rural poor. If merchants, bank and operator can come together, they can develop a platform for mobile banking. SO, yes Mobile banking can change banking scenario in India...