MobMe, a Kerala based company has developed a new Digital Signature Solution for Indian mobile users. The new mobile signature solution is specially designed to ensure safe and fraud-proof transactions through the mobile phones so as to meet the security concerns and lack of trust Indians usually have while doing transactions over mobile phones.
The company has developed this solution in partnership with Netherlands based company named ‘Gemalto’ and Finland based company named ‘Valimo Wireless Oy’. The collaborative partnership for the development of this solution was announced way back in Paris during the Cartes 2012 conference.
According to Mr. Sanjay Vijaykumar, CEO of MobMe observed that the new digital signature solution could help 900 million mobile phone subscribers and 15 million broadband subscribers in India currently. A digital signature is quite relevant in India now as IT Act recommends the usage of digital security to ensure greater level of security while doing any kind of transactions online. He also stated that this new digital signature solution is also legally valid and safe for users to use.
As per the available information, currently only three million users in India are using the digital signatures. It is usually saved on a USB or CD and would need a computer to use them. However this digital signature is designed for mobile world and does not need a PC to use it.
MobMe sources also expressed hope that this solution would benefit the most in mGovernance services since all the services run by Government will require signature of the citizens. The new solution will also help farmers in applying for the agricultural loans and other schemes with ease. RBI also will start using digital signatures for ensuring secure logins and transactions while doing banking and other financial services.