The Reserve Bank of India, after attempting to increase the reach of the banking ecosystem by allowing PCOs and grocery shops to offer banking services, has now framed new directions ... Continue_Reading

BSNL To Share Towers With Aircel, Tata Teleservices Aircel and BSNL have entered into a infrastructure sharing agreement where Aircel will have access to 45,000 towers across 21 circles. (more at ... Continue_Reading

  Obopay, the US and India based Mobile payments company has raised an undisclosed amount from Nokia, for a minority stake; FT reports that that the investment is around $70 million. ... 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

Paymate has tied up with IDBI Bank, their 8th bank partnership in India. The company also has a presence in Sri Lanka, and recently powered services for a partner (Paybill) ... Continue_Reading

Why should mobile transactions be treated any differently from Internet transactions? There isn’t a limit to online transactions that we know about, and a physical presence isn’t needed for opening ... 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