Corp Bank, Tata Teleservices and PayMate team on mobile money transfer

Source: Tata Teleservices

Corporation Bank, Tata Teleservices and PayMate and have joined hands to launch an industry first by making person-to-person mobile money transfer a reality and bringing India one step closer to financial inclusion of its more than 900 million strong unbanked population.

With this service, called Green Money Transfer, any mobile phone user can send or receive money almost instantly via their mobile phone.

What is Green

Green Money Transfer is a first of its kind person to person mobile money transfer service allowing people at the two ends of the country to transfer money to each other in an instant. Green Money Transfer allows the large un-banked population of the country to send & receive money at over 700,000 retail points across urban and rural India using just their mobile phones.

Benefits of Green

  • Secure: With banking-grade security, it is the safest way to transfer money.
  • Easy: Available at your local TATA PCO, using just your mobile phone
  • Convenient: So fast, you can send & receive money within minutes.
  • Fast: Money can be transferred between 2 cities in a matter of minutes!

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