Transfer Money Via Reliance Mobile Phones
06 Sep, 2007, 3:27 pm IST | by
Sharon Khare
|
|
Reliance Communications has launched "Money Transfer" through mobile phones across the country through it's tie- up with ICICI Bank. This initiative offers Reliance Communications subscribers an alternative means of account to account transfer generally associated with banks and other agencies. Money Remittance market opportunity is estimated to be in the range of $24Billion annually including global remittances to India. Through this arrangement, ICICI Bank's customers can transfer money to others having an ICICI bank account anytime, anywhere in the country using their Reliance mobile phones. This service is available on Reliance Mobile World enabled phones including the recently launched Reliance Classic range of phones starting from Rs. 777 (Black and White) to Rs. 1234 (Colour Phones). Anil Pande, Head Product Development , Reliance Communications said, "India is the fastest growing market in the world with a large mobile customer base and is also the world's highest receiver of remittances. In this context we believe M-commerce will be the next big thing. Our association with ICICI Bank brings a paradigm shift in the way domestic Money Transfer business is conducted in India, which is predominantly being done through the banks and other agencies." ICICI Bank's Reliance mobile customers can go to the 'Finance' section > R World> Mobile Bank>M Banking>ICICI Bank>Saving Account to avail of this offer. The customers would be charged a mobile transaction fee of Rs.10 and can transfer up to Rs. 5000 with multiple transactions in a day. However the service will be free for an introductory period of 90 days. |
Researchers monitor Internet usage patterns to detect depression
TRAI aims at Rs.300,000 crore revenue from spectrum refarming
Sony Xperia P up for pre-order on Infibeam, launching on 25 May
HP likely to cut down workforce
Worries mount as Nokia burns through cash
Newmen announces gaming keyboard series in India
"Nano" dual-SIM phone spotted for Rs.1,200
11 May, 2012, 06:29 PM IST
Spice unveils new dual-SIM handset, the Flo Me-M 6868n
18 May, 2012, 10:41 AM IST
SICT Ivory launched for Rs.3,600
17 May, 2012, 02:36 PM IST
Global sales of mobiles dip 2 percent in Q1 2012, finds Gartner
17 May, 2012, 10:06 AM IST
Nokia announces new dual-SIM phones - Nokia 110 and 112
15 May, 2012, 05:25 PM IST
Unboxing and first impressions of the LAVA XOLO X900
The XOLO made its way into our labs recently and needless to say, our tech
By Shayne Rana
Mobile Grudge Match - Samsung Galaxy S III vs HTC One X
Last night, we witnessed Samsung unveiling, what they have been referring...
Samsung Galaxy S III - What to expect
Apple fans have the iPhone 4S and Android fans have the Samsung Galaxy S2.
China approves Google's Motorola deal
Leaked S Voice app from S III works on any
Amazon may launch 10.1-inch Kindle Fire by
U.S appeals court okays Apple's bid...
Acer announces the TravelMate P243 notebook
Power efficiency of laptop CPUs to be up...

















Mixx
Facebook
Twitter
Digg
delicious
reddit
MySpace
StumbleUpon
LinkedIn

























































_011517074205_160x90.jpg)















