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SBI to offer mobile banking on low-end handsets
January 21, 2010
The country’s largest bank, State Bank of India (SBI), which was among the first government banks to launch mobile banking services,
claims to have developed the technology to support low-end /entry level mobile handsets for banking transactions.
SBI’s deputy managing director (IT) A Krishnakumar, said. SBI is working with its service provider, Spanco Telesystems, towards this. Till recently, only SBI customers with smartphones had access to the facility.
SBI’s decision to stress on alternate banking channels comes at a time when Reserve Bank of India (RBI) raised the ceiling on mobile banking transactions to Rs 50,000 per day from Rs 5,000 a day.
Original Posting At: EconomicTimes
SBI’s deputy managing director (IT) A Krishnakumar, said. SBI is working with its service provider, Spanco Telesystems, towards this. Till recently, only SBI customers with smartphones had access to the facility.
SBI’s decision to stress on alternate banking channels comes at a time when Reserve Bank of India (RBI) raised the ceiling on mobile banking transactions to Rs 50,000 per day from Rs 5,000 a day.
Original Posting At: EconomicTimes
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