Having sat on the sidelines for years, banks are finally finding their voice in the mobile monetisation conversation, with several signing up to global trade association MEF, whose chairman, Andrew Bud, recently sat down with Finextra.
Icici Bank, India's largest private sector bank and Vodafone India, one of India's leading telecommunications service providers, today announced the successful launch of 'M-Pesa' - a unique mobile money transfer and payment service.
Visa has launched a plug-and-pay mobile money platform aimed at banks and telcos in developing countries, with partners in India and Rwanda already signed up to the service.
Visa and a group of Indian banks are tapping the country's biometrics-based national identity system to bring financial services and electronic payments to tens of millions of people.
ICICI Bank Limited, India's largest private sector bank, today announced the launch of an innovative online Flexible Recurring Deposit product called "iWish" for all its savings account customers.
Icici Bank UK PLC, Frankfurt has announced the launch of an "Insta Netexpress" service through its online money tracking platform money2india.eu for Indians living in Europe.
Vodafone is to launch its m-pesa mobile money transfer service in India in partnership with the country's largest bank, Icici Bank.
Western Union, ICICI Bank and MasterCard have joined forces on a pre-paid card which lets users transfer funds across India.
India's ICICI Bank will soon allow customers to make transactions through social network Facebook.
India's ICICI has launched a Facebook app that lets customers carry out banking tasks without leaving the social network.
© Finextra Research 2013