The Scope

 It will be rolled out in 12 States.

 It will work on RBI Guide lines.
Client base

 Transaction through branches-9.5

*/month
 Through Mobile-23*/month
 By Internet-26*/month

 (*Figures are in millions )

 Source: Lokmat dated 24th July,2008, Mumbai Edition
Cost Advantage

 Through Branch Rs.35-40/transaction

 ATM Transaction Rs.15-30/transaction
 Internet Rs.10-15/transaction
 Through Mobile Rs.2 -5/transaction
System’s Components
 Nationalized banks
 Leading telephony service providers
 Technology implementation Partner *
 Indian Postal Department will be the
pillars.

 *It is ‘ALW’( A Little World-at present)

 NXP Semiconductors.
 Ekgaon Technologies New Delhi.
How it works:
Sequencing of SMS

3rd Confirmation
SMS
Software support

 Mchek India payment systems

 Bharati Airtel Ltd
 VISA
 Obope
RBI Guidelines

 About mPIN
 Bank should provide min 4 digit PIN
 HDFC has already provided 6 digit
PIN
Type of Services Covered

 For Paying
 Telephone ,
 Mobile,
 Insurance premiums,
 credit card Bills
 Getting Physical currency