Monday, January 6, 2014

New channel to reach the doorstep of customers

..........The RBI feels mobile banking has the potential to be one of the key tools for achieving financial inclusion in the country. But low levels of awareness and acceptance and factors such as inability of banks to “seed the mobile number with the account number,” handset compatibility issues, absence of collaboration and revenue-sharing models between banks and mobile network operators, are affecting the growth of this channel.........

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