Mobile Payment Forum : A joint initiative by RTBI and IDRBT
India, like many emerging market countries today, is in the center of mobile phone explosion in growth. Through some directives, an expanding economy and vast potential market, India has about 200 million mobile subscribers and is adding 5 million a month. There are many initiatives perceived in the use of mobile phones for banking applications. For this new delivery channel to commence and be useful to masses, it is worthwhile to examine various components of its interface with payment systems, technology, security, regulatory aspects and functionality.
In this context, a forum is being formed jointly by the Institute for Development and Research in Banking Technology (IDRBT) and Rural Technology Business Incubator (RTBI) of IIT Madras with a mission to enable mobile payments in India with secure and low cost transaction.
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Source:http://www.mpf.org.in/
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