Driven by the rapid growth in the number of mobile phone subscribers in India, the country’s apex bank (RBI) has finally issued guidelines for mobile banking.
According to the guidelines, a transaction limit of $55 (Rs 2,500) will be imposed on all mobile banking transactions, and there will also be an overall cap of $110 (Rs [...]

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Experts predict that when money begins to move on the handset, the ‘R-factor’—the expansion of mobile services to rural markets will emerge as the future driver of the VAS market. The projection is that about 40% of VAS revenues in this category will then start coming from villages and small towns, which have very poor [...]

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