Mobile banking

Mobile banking service has been employed to facilitate customers to transfer funds, pay bills and make account enquiries. This prominent service has been initiated by US based Barclays Bank. Users can enjoy this facility through their GSM cell phones. This service is contentedly called as HelloMoney and it will probably cost customers Rs.30 per month. Most exciting aspect of this scheme is that it will be offered a free of cost to salary account holders. The architecture is very simple. The users who have signed up to the service could dial a given number before entering an assigned PIN number. Latter they are permitted to choose the option for different transactions, including buying up of top-up time for mobiles. HelloMoney will be accessible through all GSM handsets on Airtel, Vodafone and idea networks in 40 cities. They are also crafting a plan to extend this service to CDMA handsets in the future. This gift will also be given to the account holders with limited features and the bank is in talks with micro finance institutions to offer the service.