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About Mobile Banking in India
Mobile banking has grown significantly in India, with the largest bank, State Bank of India, posting over 529,000 mobile transactions worth over 32 crore rupees in February 2011 alone. However, only 24.24% of India's large mobile phone user base of over 89 crore currently uses mobile banking. While mobile banking has the potential to significantly increase financial inclusion in India by reaching the approximately 60% of the population that is unbanked, it is still in the early stages of adoption due to issues with regulations, technology infrastructure, and customer awareness and trust in mobile financial services.
Detailed Information
| Author: | ['anir_1986'] |
|---|---|
| Publication Year: | 2013 |
| Pages: | 33 |
| Language: | English |
| Format: | |
| Price: | FREE |
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