Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. The Reserve Bank of India (RBI) has asked all banks part of the National Financial Switch (NFS) to make changes to their ATMs so that they can allow customers to register for mobile banking. "The National Payment Corporation of India (NPCI) has since developed the mobile banking registration service / option on the National Financial Switch (NFS). After a pilot with a few banks, the service is ready to be deployed on ATMs of all the NFS member banks," the RBI said in a notification. The NFS is a India's largest network of shared and interconnected ATMs developed by the Institute for Development and Research in Banking Technology and managed by the NPCI. As of November 2015, there are 212,501 ATMs in NFS' network which includes commercial banks, co-operative banks, regional rural banks and white label ATM operators. The RBI also said that all participating banks in the NFS have to make changes to their ATMs by March 2016 to allow registration for mobile banking. "In addition to the above, banks should also strive to facilitate customer registration for mobile banking through other channels including internet banking, IVR, phone banking," the RBI added. As of September 2015, the RBI reported that there were 27.11 million transactions through mobile banking channels which was worth Rs 2660 crore. MediaNama's take This is in continuation of the RBI's more tech friendly…
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