Sanjay Swamy, CEO of mobile payments company MChek has resigned. Confirming the development to MediaNama, Swamy said that he’d been thinking about it for a while. “The company has a large ... Continue_Reading

VAS Market In India Growing At CAGR of 16.6 percent? According to  business research and consulting firm Frost & Sullivan, the mobile VAS market in India is set to grow at ... Continue_Reading

Vodafone Joins Tariff War Vodafone Essar has announced a nation-wide pay per second tariff. There are different plans for different circles and some have an additional deduction of 50 paise per ... Continue_Reading

Banks primarily perform two key functions related to mobile payments: firstly, they do the KYC (Know Your Customer) verification, so that a money trail can be identified, if needed. Secondly, ... Continue_Reading

SMS GupShup is a text based social messaging community that allows messaging from one to many users, as well as many to many. GupShup has been compared to Twitter, and ... Continue_Reading

Obopay and banking partner Yes Bank will launch a mobile payment solution called Pay Anyone soon. Pay Anyone builds on their previous launch Person to Person by allowing users to ... Continue_Reading

The Reserve Bank of India issued a new set of guidelines for Mobile Banking in India. Some of the changes are welcome, but we believe more are in order: 1. Larger ... Continue_Reading

“Our business model is sustainable only with a customer base of 20 million to 25 million. We expect to breakeven in three years”, Abhishek Sinha, CEO of Mobile Payments company ... Continue_Reading

Probably the most interesting comments of the day so far came from Ravi Shankar, EVP and Country Head-Cash Management & Direct Banking for Yes Bank. He explained why most banks ... Continue_Reading

Downloads: – RBI notification to put M-Banking services on hold – RBI Draft Guidelines For Mobile Banking The RBI has decided to put mobile payment services linked to banks on hold until the ... Continue_Reading