The Mobile Money transfer service, run by BSNL and India Post, which was on pilot since its introduction in July 2012, has been officially launched in all regions where pilots were going on. In July 2012, the Department of Post had partnered with the state-run BSNL to launch the pilot run of the mobile money transfer service in Punjab, Bihar, Delhi and Kerala Circles. BSNL will handle the technology backend for DoP and won't be a banking correspondent. Since BSNL is only developing the software for the service, users need not be BSNL subscribers to use the service. Telecom Minister Kapil Sibal has said that the Department of Post, and telecom operator BSNL should waive-off fees charged on money transfers by people in the below poverty line (BPL) category using the newly launched Mobile Money transfer, reports PTI. How to use: To use the service, senders would need to visit the post offices in the region where the service is available, deposit the amount and give the receiver’s details. After this, they would get a 16 digit transfer code on his mobile phone, which they would need to send to the recipient via SMS. The recipient can claim the money at a nearby post office, by showing the transaction code and verifying his identity. Receipent also needs to withdraw the money within 7 days of transaction. It's not clear as of yet, whether one can send money even to locations that currently do not support this service, we will update the post…
