There is no gainsaying the fact that the modern version of the mythical lamp of Alladin is none other than the multi-functional, much-adored mobile phone. The latest use this wonder-gadget is being put to is for making payments for sundry services, ranging from utility bills to cinema tickets.
But before this becomes an everyday reality, some guiding mechanism needs to be in place. Towards this, the Reserve Bank of India (RBI) is finalizing the Operative Guidelines for banks on mobile payments. The Draft Guidelines were placed on RBI website for comments from interested parties and the process is expected to take some time. Meanwhile, RBI has cautioned the banks (which have already started offering mobile payment services to their customers) that due care needs to be taken since such transactions entail a number of attendant issues that need careful examination. Hence banks are advised to keep on hold any such services till issuance of the final Guidelines.
However, it has been clarified that RBI has no objection for use of mobile channel to provide basic services such as mobile alerts for credit or debit entry, balance enquiry etc. which merely provide information.
No comments:
Post a Comment