Free press releases distribution network?

Agency / Source: Krores

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Krores Emphasizes A Methodical Launch of the Mobile Banking Platform within Emerging Markets - A methodical launch of Mobile Banking Services is required to gain the trust of consumers in emerging markets
Krores Emphasizes A Methodical Launch of the Mobile Banking Platform within Emerging Markets

 

PRZOOM - /newswire/ - Ann Arbor, MI, United States, 2008/11/08 - A methodical launch of Mobile Banking Services is required to gain the trust of consumers in emerging markets.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Mobile phones are now being viewed as a medium for extending banking services. The growth in this industry can be seen in the number of subscribers in emerging markets. Take India as an example; rapid growth in users and wider coverage of mobile phone networks have made this medium an important platform for extending banking services to customers. With the rapid growth in the number of mobile phone subscribers in India (about 261 million as at the end of March 2008 and growing at about 8 million a month), banks have been exploring the feasibility of using mobile phones as an alternative channel for delivering banking services.

The Reserve Bank of India (RBI) understands this extended reach and wants to ensure that there is a level playing field. Therefore it wants to help ensure this technology is tested by the banks for sometime before it is opened up for mainstream. On Oct 8th it issued its new guidelines to be adopted by the banks. The banks which operate under the purview of RBI, are permitted to offer this facility to their customers subject to a daily cap of Rs. 5000/- (Apx USD 100) per customer for funds transfer and Rs.10,000/- (Apx USD 200) per customer for transactions involving purchase of goods/services.

“We understand RBI’s perspective. While this may not be the best policy decision for businesses; it is the right thing to do at this time. Any haste in doing a widespread rollout of such systems could cause mistrust and may require wider restrictions and stifling mainstream roll-out and growth in the future” says Vineet Katial, Chairman and Managing Director, Krores Limited. This allows companies to take advantage of this brief pause and develop solutions to realistic problems facing mobile banking in India. Barriers such as language, education, networks and compliance are a few that need to be addressed before Mobile Remittances and Payments can gain their full potential.

About Krores
Krores (krores.com) is a global specialist in prepaid card payment mechanisms, allowing our customers to send money to family and friends all over the world with our remittance cards. We facilitate quick payment of wages and salaries with our Payroll card. In addition our gift cards are the ideal way to give that special someone the choice and freedom to buy what they want. Our multipurpose card has many uses and comes in plastic as well as virtual form. It is an ideal personal budgeting tool, saves you using a credit card for online purchases, an ideal travel companion and many other uses limited only by your imagination. Our cards can be used worldwide at 24 million locations and at more than 1,000,000 ATMs giving you safe secure access to your money around the clock.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering E-Business B2B/B2C Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Krores

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
E-Business B2B/B2C articles,
CATCH Visitors via Your Competitors Announcements!


Krores Emphasizes A Methodical Launch of the Mobile Banking Platform within Emerging Markets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Marketing - Krores.com 
marketing[.]krores.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Krores securities in any jurisdiction including any other companies listed or named in this release.

E-Business B2B/B2C via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Krores / Company Profile


Read E-Business B2B/B2C Most Recent Related Press Releases:

FinancialForce Outranks Competition and Emerges as Professional Services Automation (PSA) Market Leader in Latest G2 Crowd Grid℠ for PSA
K4Connect to Speak on IoT Security at IoTFuse
Caterpillar, Inc. Selects FIS for Corporate Liquidity Solutions
Silvergate Bank Transforms its Technology, Launches New Core from FIS
FIS Powers Mirae Asset Securities’ Entrance into U.S. Financial Markets
ATEN Strengthens its Position in the Professional IT and AV Markets in ISE 2017
Cincinnati Bell Implements FinancialForce PSA for Project Management
FIS Earns Numerous Industry Recognitions
TRUSTe / EDAA Research Shows Digital Advertising Self-Regulatory Programme Continues to Improve Consumer Attitudes Towards Interest-Based Advertising
FinancialForce Sees Public Sector Growth As G-Cloud Supplier

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today