India’s National telecom backbone BSNL all set to launch unique mobile banking platform to assist the mobile subscribers to transfer money electronically. The service will save the time and money in terms of transaction cost as the SMS will reach in real time. Also this service will help people not having a proper address for physical delivery of the money order. Mobile money transfer platform had been test-piloted in Chandigarh and BSNL with Indian Postal Department will soon roll out this scheme after Reserve Bank’s approval. |
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