This is currently already available in Guragaon and coming soon to Delhi, Faridabad and Noida, followed by a nationwide roll-out over the next few months.
The service is intended for folks who don’t have a bank account. Using mobile phones, new consumers can have access to financial services, such as:
- enabling transfer of money to other individuals,
- cash withdrawals from business correspondents cash outlets, e.g. Nokia Stores
- cash withdrawals from ATM
- pay utility bills
- top up/load/recharge prepaid/pay and go SIM cards
I’d like mobile-money through my bank. Top that off with NFC-goodness.
Cheers Amey for the tip!