Good read here, all the ducks are lining up, banks, utilities, and telecom's are all looking for alternate ways to take payments from customers, other than walking into a post office/branch and paying bills in cash!
India with 1.2 billion population has an impressive mobile tele-density of around 70 percent. With the rapid growth in the number of mobile phone subscribers, banks in collaboration with telecom companies are seeking to develop an alternate channel of delivery of banking services and financial inclusion.
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