India Poised With Mobile Banking...
Tags :
mobile banking, mobile payments, payment by mobiles, mobile bill payments
Industry :
Banking, Asset Management
Functional Area : Gadgets, Business Models, New Technologies |
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About "India Poised With Mobile Banking..." topic:
While internet penetration and use in India is relatively low, mobile phone penetration is much higher and growing rapidly. There are over 200 million mobile phone subscribers in India and the number continues to explode. Financial services companies are now working with mobile payment players like mChek to offer innovative mobile phone solutions to urban and rural Indian population.
Reserve Bank of India has restrictions on non-bank involvement in money transfer. Therefore, development of mobile financial services applications is being sponsored primarily by banks in India.
So, lets discuss more on mobile banking & its effects on the banking sector....
Reserve Bank of India has restrictions on non-bank involvement in money transfer. Therefore, development of mobile financial services applications is being sponsored primarily by banks in India.
So, lets discuss more on mobile banking & its effects on the banking sector....
6 debates
, 2 idea contests
on topic: "India Poised With Mobile Banking..."
Prev1NextShowing 1 - 8 of 8
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(rate this)
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Yes
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33
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5
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No
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k Rajagopalan
| Argues in support of
"Yes"
| 1 year ago
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Hello Namrata, May be, It all depends on the facility which they are going to provide. K Rajagopalan.
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Sanjay Tiwari
| Argues in support of
"No"
| 1 year ago
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Though India is a tech savvy country but people in rural India are not so much advance save them from internet frauds and haking
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Namrata Pathak
| Argues in support of
"Yes"
| 1 year ago
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I think it can be, recently we all saw news here in Toostep only that smartphones will act as credit cards in future now with Mobile banking looking to take shape in India and several telecom providers providing mobile payments as option in...
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Debate: "Is India a promising market for Payments done through mobile phones??" deleted from your view.
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(rate this)
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Yes
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21
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VS |
3
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No
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Harender Singh
| Argues in support of
"Yes"
| 1 year ago
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Eko India Financial Services Private Limited provides Eko, a technology solution for banks to offer mobile banking services in India. Its solution provides peer-to-peer money transfers, cash deposits and withdrawal, wage and salary payments,...
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ANAND M
| Argues in support of
"No"
| 1 year ago
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I agree with Manish here. It will still take a lot of time & trust for mobile banking to be successful in India. People stilldon't have that trust factors in them & mobile banking is also very risky & in our country the telecom infrastructure is...
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Satadru Shastri
| Argues in support of
"Yes"
| 1 year ago
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Mobile banking can actually change the way we bank but yes the change will take time even for the banks to implement properly. Contrary to the common view its not always that the customers have to adjust to a new service but also the service...
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Debate: "Will mobile banking change the banking scenario in India??" deleted from your view.
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(rate this)
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Yes
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50
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VS |
9
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No
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Suryanarayan Murthy
| Argues in support of
"Yes"
| 1 year ago
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Number of people using mobile are more than the number of people who use internet. I feel, mobile banking overtakes e-banking shortly.
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rosalie de la cruz
| Argues in support of
"No"
| 1 year ago
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No. E-banking is from internet and mobiles for mobile banking. Mobile banking means flexibility because we are only using our mobile phones without the availability of internet communication.
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Anita Sawant
| Argues in support of
"Yes"
| 1 year ago
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Though social networking is the craze in India, people would be extremely reluctant to do banking via social networking websites. E-banking will have problems extending to the rural sectors, and this will extend an opportunity for mobile banking...
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Debate: "Mobile Banking - Will it be ever bigger than E-banking?? " deleted from your view.
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(rate this)
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1
PIN numbers
2
Financial Inclusion
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Jyoti Rath
| Supported idea
"PIN numbers"
| 2 years ago
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I agree with Anirban. Remembering too many numbers is not always an easy task to do. But those banks are remembering PIN for internet and telephone banking are indeed taking a good initiative. Therefore, we should have a minimum number of PIN...
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Viswadeep
| Supported idea
"Financial Inclusion"
| 3 years ago
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The use of mobile for banking i.e, towards payments and settlements(remittances) would help in financial inclusion.The use of non banks to accept cash for topping up the accounts can only make financial inclusion successful till such time all the...
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Ideate: "How the mobile phone can power banking?" deleted from your view.
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(rate this)
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Yes
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16
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VS |
10
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No
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suman kumar
| Argues in support of
"No"
| 1 year ago
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limitations of a mobile(memory, processor and softwares availability) is a major issue in using banking on mobile. it will have a long way to go.
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Chintan Vyas
| Argues in support of
"Yes"
| 1 year ago
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The major issue in mobile banking is security and authentication of all transactions made. Recently I came across a solution to mobile banking which has been adopted as a standard in various western countries. This is how it goes. Using static...
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Rashmi Patil
| Argues in support of
"Yes"
| 2 years ago
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Yes , Of course its very much comfortable if you have learnt how to use this. This will reduce the frequently going to banks or ATMs. by this method, we can do our banking transaction sitting in our home. So, I would prefer to carry out banking...
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Debate: "Would you be comfortable in carrying out banking transactions from your mobile?" deleted from your view.
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(rate this)
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1
Address security concerns
2
Providing secured mobile banking services even from Normal Handsets
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ATMA RAM CHAVALI
| Supported idea
"Address security concerns "
| 2 years ago
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Yes, addressing security concerns is a must.At the same time the banks have to campaign more aggresively about mobile banking. Now in India there are more number of mobile users than net users.The banks should concentrate on rural/semi-urban...
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Niranjan Meena
| Supported idea
"Address security concerns "
| 2 years ago
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Mobile banking is an amazing technology, the cause of failure is mainly due to its security concern. People feel that banking through mobile is not safe. So improving the security process in mobile banking will accelerate the customer adoption rate.
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soumya saxena
| Supported idea
"Address security concerns "
| 2 years ago
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I think the two main factors are awarenes security about the facility being provided.the media channels are working so goo that awareness can be generated in some time . but if there is no security of transactions is involve .it will not work
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Ideate: "How do you accelerate customer adoption rate for mobile banking?" deleted from your view.
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(rate this)
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Yes
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24
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VS |
20
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No
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Harender Singh
| Argues in support of
"Yes"
| 1 year ago
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Eko India Financial Services Private Limited provides Eko, a technology solution for banks to offer mobile banking services in India. Its solution provides peer-to-peer money transfers, cash deposits and withdrawal, wage and salary payments,...
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R N Bhattacharyya
| Argues in support of
"No"
| 1 year ago
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Opposition against the Mobile banking by RBI is just to protect the interest of the Bank customers.If a full proof system is generated by any Bank for Mobile banking,then no questain of oppositions.
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Swati Raut
| Argues in support of
"No"
| 2 years ago
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I don't think this is the right move by RBI, and mobile banking would have made more people come under the banking system umbrella, the only concern here was the authenticity of the transactions that would be hard to track, but then with TRAI and...
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Debate: "RBI opposes mobile banking: Is it a right move?" deleted from your view.
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(rate this)
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Yes
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16
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VS |
3
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No
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Mrunmaiy Abroal
| Argues in support of
"Yes"
| 2 years ago
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I will never be comfortable using a non-bank platform (read Nokia) for my mobile banking.
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Japan Shah
| Argues in support of
"No"
| 2 years ago
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I do not think that the Technological Innovations will hurt the traditional/ conventional banking... On the contraray i believe that the conventional banking will become more strong in INDIA.. In INDIA we are adopting and implementing various...
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P. Abraham Paul
| Argues in support of
"Yes"
| 2 years ago
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Dear Ms. Singh, Please read my posting on Mobile Money Manager, the insight in Telecom IT community. This and many other powerful product suggestions were given by me to the Mobile Service Provider and later to the Mobile sytem vendor while I...
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Debate: "Nokia plans to launch Mobile Banking" deleted from your view.
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