IDEA Offers International Cash Transfer Via Mobiles
08 May, 2008, 3:44 pm IST |
tech2 News Staff
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IDEA Cellular has launched a pilot with TATA Communications, Etisalat and HSBC India, for a mobile phone based, money remittance service to its subscribers in India. As part of this service, UAE-based Indian immigrants can transfer money to their families back home. The service will enable Indian expatriates in UAE to transfer money to their relatives back home through Etisalat's Mobile Remittance service, with Tata Communications being the central hub for the service. HSBC India will be the banking channel for the funds transfer and disbursement in India with Mashreq being the banking partner in the UAE. This is planned as a targeted service where the Mobile Money Transfer service will be made enabled on the India – UAE "corridor", covering the large Indian NRI community residing in the U.A.E. In the first phase, this service which is jointly being launched with TATA Communications, Etisalat and HSBC India will be extended to the over 27 lakh subscriber base of IDEA Cellular in Kerala. The service will enable the expat Indian population in the UAE, to transfer money from their bank accounts using their mobile phones, directly into any designated bank account of an Idea subscriber residing in India. The facility also affords the sender the ability to easily track the transaction from remittance till such time as the money reaches the recipient. |
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