Of Mobile Banking In India through agents
The way Mexican and Kenyan are doing can be replicated well in India. In fact our current RBI Governor Shri Raghuram Rajan is very supportive to Mobile payment technology mode. Recently, the recent Economic Times says it all. The way even Vodafone is working is not taking off in India, but gradually the ecosystem is changing through and for agent banking.
Mobile Payments Distribution System is a very schematic representation of the mobile banking system currently in India. It explains the entire ecosystem of networks through major stake holders as post-offices, banks, TELCOs and retail stores, aimed at a basic understanding of the ecosystem, where every one will be focused in the next 15-20 years. Certainly, mobile banking has come of age, especially with the ongoing investments in 3G.
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