With the ever growing versatility in mobile services, now, telecom service provider Reliance Communications has brought banking process even closer to smartphone users. In fact, it has launched a new mobile service via which its customers can access banking services across 29 nationalised banks in the country.
The company said that, "Users can dial *99# short code on their handset, which will allow all customers to access banking service across 29 nationalised banks with a single number, irrespective of the mobile handset, make or region."
The country's fourth largest telecom operator said its USSD (Unstructured Supplementary Service Data) platform-based mobile banking services will enable transactions for its customers, it added.
"RCom has integrated NPCI (National Payment Corporation of India) gateways with the charging systems and USSD gateways located in Mumbai. NPCI will manage the banking menu and call flow with respective banks," it said.
The firm has also successfully completed the testing of the service at Dhirubhai Ambani Knowledge City, Navi Mumbai, on various types of GSM handsets.
The infrastructure provided is over the secured point-to-point VPN (Virtual Private Network). Subscribers will be charged Rs 1.50 per session, as mandated by TRAI, it added.
"Mobile technology has a crucial role to play in servicing the under-banked and un-banked sections of society, and RCom's endeavour is to bridge this gap with its customised solutions," RCom CEO Vinod Sawhny said.
RCom Chief Information Officer Alpna J Doshi said it is going to be a game-changer in mobile banking services, not only will this take telcos closer to banks, but also cover all types of customers.