Monday, September 22, 2008

RBI Issues Mobile Banking Guidelines

The RBI has issued mobile banking guidelines, with a transaction limit of only $55 per transaction, and $110 per day. Banks have also been advised to set monthly transaction limits based on the customers risk profile. Some other significant elements in the guidelines, and their implications for mobile payment service providers detailed at MediaNama:

M-Banking Guidelines For India Issued; Ridiculous Transaction Limit

We've also uploaded the guidelines for you to download. Do share your views with us at Pimp The Mobile.


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