Mobile banking News

SBI customers can submit PPS online. RBI introduced PPS to safeguard against cheque fraud. All the details of PPS will be cross-checked at the PPS portal.

However, money is frequently transferred to the incorrect number in this situation. In this scenario, you may also be eligible for a refund. Many attempts are undertaken on a continuous basis to make banking facilities more accessible.

The facility allows Kotak accountholders to make cash withdrawals as well as remit money to beneficiaries across India without using a physical debit card. Kotak customers can initiate the transaction through the Kotak Net Banking or Mobile Banking platform using their registered mobile number with the bank. The beneficiary need not be a Kotak customer and need not even have an account with any bank.

After Pnb one more bank fraud is in the market. RBI superseded the board of Yes Bank and imposed a month-long moratorium. Rbi told to customers not to panic in the situation of cash withdrawal

Mobile banking Trojans are one of the most rapidly-developing, flexible and dangerous types of malware, said the report from cyber security firm Kaspersky Lab.

Mobile number seeding and enabling the same for m-banking are a pre-requisite for making mobile payments.

Nowadays most people have smartphones and these can be conveniently converted into wallets.

Pushing for mobile banking to deal with problems arising out of demonetisation, Prime Minister Narendra Modi on Friday asked the people to let their mobile phones serve as a bank branch to deal with corruption and black money.

Singapore's DBS bank which has branches in major cities of India will soft launch its digital/mobile online banking in the country this week, a top official of the bank said Monday.

Mobile banking has risen significantly in emerging market economies like India and China and the number of such users globally is expected to double in the next four years, a KMPG and UBS research says.

"Usage of mobiles has been growing rapidly and outpacing the growth of the Internet transactions. We feel next year it will overtake Internet banking," its head of digital banking Nitin Chugh told reporters here.

Bhattacharya said the lender ranks at top in mobile banking in terms of number of transactions done but in terms of volumes it is still at third or fourth position.

The union government under its ambitious 'Digital India' programme has decided to use the Aadhaar number as a "digital identity" for the purpose of mobile banking.

The RBI Thursday asked banks to make registration process for mobile banking services easy and activate services at the earliest to expand the reach of mobile banking in the country.

State Bank of India's (SBI) account holders undertook 52,27,782 transactions using their mobile phones involving Rs 546.34 crore in value in June, RBI said in data released Thursday.

Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.

Only a quarter of Indian adults have either an active bank account or an active mobile money account.