Saturday, February 25, 2012

RBI lifts Rs 50,000-a-day cap over mobile banking transactions

....."Banks are increasingly extending mobile banking facilities to their customers. Interbank mobile payment service developed and operated by National Payment Corporation of India has also enabled real-time transfer of funds through...mobile phones between accounts in different banks. The volume and value of mobile banking transactions is also showing an uptrend," RBI said in a statement.......

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