Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
D. Forum
What's New


Home News News and Press Release Month 2 2017 2017 (2) This
← Previous Next →

Use of USSD for Cashless Payments

February 3, 2017
  • Contents

National Payments Corporation of India (NPCI) has introduced USSD for mobile banking. It is an interoperable payment platform, comprising of customers 51 banks & 11 telecom operators in India, which provide basic banking services in 9 different languages, including Hindi & English, to under-banked / un-banked customers across India. USSD works both on smart phones and feature phones.

*99# service of NPCI uses the USSD technology to make banking services accessible wherever voice grade mobile signals are available. USSD works on feature phone and without internet. It will help rural accountholders to carry out fund transfer through mobile banking.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||