Dear Comrades,
State-owned Indian telecommunications provider BSNL is providing technical support for the mobile money transfer launched by India Post. The service has initially been launched in Punjab and Bihar postal circles and the roll out of the service across India is expected to be completed in eight weeks, Business Line reports. People can make money transfers of up to INR 50,000 via post offices, which will provide the sender with a unique PIN code after the money transfer. The sender then sends the receiver the PIN code via SMS and the receiver will get the money delivered at home after verification of this PIN on his mobile. The receiver can also collect the money at the post office. The service is priced the same as a traditional money order at 5 percent of the remitted amount.
Wednesday 8 June 2011 00:39 CET Telecompaper
