In 2008, according to World Bank estimates, migrant workers in developed countries transferred funds amounting to USD 400 billion back home to their friends and families. An equal if not larger amount is believed to have changed hands via unauthorized remittance channels like Hawala or Hundi systems. The sheer size of the market creates opportunities [...]

The Mobile channel is not only important for enabling banking amongst the unbanked but also for increasing the banks reach in the banked population. In today’s age of increasing competition and digital convergence it has become essential for banks to enable anytime-anyplace banking for its customers and the mobile phone provides this channel. The major [...]

Vast majority of people in the village do not have access to withdraw or deposit money easily. It is these people that have to be touched and given an access to financial services. Mobile phones today outnumber bank ATM machines and bank branches. It is one such eco-system that encompasses almost everyone today. The eco-system [...]

The mobile channel offers us multiple modes of interacting with the subscribers for service delivery, and each mode come with their own set of pros and cons. The problem that confronts most mCommerce service providers is which of these access technologies is most suitable for the job. Some of the access interfaces on a mobile [...]

Mobile eco-system brings together the banking and the telecom service provider. There are three types of business models for Mobile Commerce Bank led model – If a bank owns the mobile commerce service, the nature of the service can be envisioned as an extension of its Internet services to the mobile phone. Though this model [...]

mCommerce services can be divided into the following categories: Prepaid Airtime Transactions Voucher-less airtime distribution Digital content retailing Peer-to-Peer airtime sharing Mobile wallet transactions Peer-to-Peer payments Retail payments Funds Transfers International remittances Bill payments Travel ticketing Movie/concert ticketing Government payments like taxes, tolls etc. Donations Mobile banking Branchless banking Loan disbursement and repayment Banking informational [...]