TRAI makes new regulations for mobile banking
| by Naina Khedekar |
Starting with stringent measures to keep pesky calls and SMSes at bay, TRAI has been asking for several reforms for the betterment of mobile customers. They have been successful to a great extent at banning unsolicited calls/messages. It had even asked telcos to maintain tariff transparency by advertising mobile tariffs in newspapers. With the ongoing buzz about mobile money, wherein companies have been promoting how transactions through mobile are convenient and secure, TRAI has decided to come out with some relevant rules here too. It has issued new guidelines for mobile banking, as per reports. All service providers offering mobile banking have to adhere to and meet the quality standard that has been laid down by TRAI. Airtel recently extended its mobile money service to more cities, while Loop also has its mobile wallet services.
New guidelines for mobile banking...
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