Sunday, April 28, 2013

Mobile Money Order

Dear Comrades,

The good old money order still in use in rural pockets just got faster in 35 post offices in Pune division of the Department of Posts (DoP). The department recently launched its quick, cellphone-based money transfer service at these post offices in four districts. The service will be operated by DoP with technological support from BSNL. 

People wanting to send money using this mode of transfer will get a unique PIN code. The sender will pass on the PIN to the recipient through a text message. On the specified mobile number, the department would also notify the receiver, who can receive the money at home, or at the nearest post office on verification of the PIN received on his mobile. 

It will benefit, in particular, people in areas where banking services have not yet reached. This service was launched in Pune and Mumbai divisions on April 16. Earlier, the service was available in Delhi, Kerala, Uttar Pradesh, Bihar, Punjab and Jharkhand. 

India Post is the largest service network for transfer of money orders with around 9 crore money orders sent every year. 

The charges for mobile money transfer will be the same as for the usual money order — five per cent of the remitted amount, a spokesperson said. He said that to speed up money transfer, DoP had introduced Electronic MO and Internet MO and mobile-phone-based MO was the third such service. 

The department would also introduce PO Savings Bank for which mandatory clearances were being sought. 

In Pune division, some prominent post offices in Pune, Ahmednagar, Satara and Solapur have been identified for the launch of the service in the first phase. In the next phase, the remaining post offices will be covered. 

Special workshops were held by department in association with BSNL authorities to train the postal staff to carry out operations. As per procedure, the money is accepted from the sender at the originating post office and provided to recipient at the destination post office. 

Sender and recipient, through SMS, are notified about the transaction on specified mobile phones, said officials. 

The BSNL has been providing mobile connections to designated officials of the department of posts. Each post office is provided with a mobile handset with pre-loaded application by BSNL's technology with a secret PIN.
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