Airtel, along with ICICI Bank, HDFC Bank, State Bank of India, Corporation Bank, mCheck and VISA, has announced the launch of a whole range of m-commerce solutions like mobile money transfers, post-paid bill payments and pre-paid recharge on mobile phone.
The solution is totally secure and has been certified by Payment Card Industry Data Security Standards.
Rahul Bhagat, group head ? retail liabilities, marketing and direct banking channels, HDFC Bank, said, ?We see the mobile phone becoming the convergence instrument, which allows all banking transactions to be done with complete security and that too on the move.?
Gopal Vittal, director of marketing & communications, Airtel said, ?We see tremendous growth potential for m-commerce solutions on the mobile phone in the next few years.?
He added, ?Our partnership and alliance led innovation approach that we have consistently followed has allowed us to build a solid ecosystem of banking and solution providers to be first off the block in this very relevant space.?