Reliance Communications today said it tested USSD platform-based mobile banking services to enable banking transactions for customers.
RCOM in a statement said it completed the testing of the service at Dhirubhai Ambani Knowledge City, Navi Mumbai, on various types of GSM handsets.
The infrastructure is over the secured point-to-point VPN (Virtual Private Network). Subscribers will be charged Rs 1.50 per session, as mandated by TRAI.
Recently, there was a media article suggesting that Bharti Airtel, a rival of Reliance Communications, is planning a big alliance with the State Bank of India, for a mobile money service initiative.
Reliance Communications users can dial *99# short code on their handset, which will allow all customers to access banking service across 29 nationalized banks with a single number—irrespective of the mobile handset, make or region.
RCOM has integrated NPCI (National Payment Corporation of India) gateways with the charging systems and USSD gateways located in Mumbai.
Reliance Communications Chief Information Officer Alpna J Doshi said: “This is going to be a game-changer in mobile banking services—not only will this take telcos closer to banks, it will also cover all types of customers.”
