With the rapid growth in the number of mobile phone subscribers banks
have been exploring the feasibility of using mobile phones as an
alternative channel of payments. The Reserve Bank of India, on 12th
June 2008, released draft guidelines for mobile payments in India.
Final Guidelines are expected to be issued by RBI in the first
fortnight of August 2008. Thereafter, a mobile phone owner will be
able to transfer money from his bank account to the bank account of
another person using his mobile phone.

Banknet's "Seminar on Mobile Banking & Payments" on 26th August 2008
at Taj President, Mumbai will be the first seminar in India to discuss
the final RBI guidelines on mobile payments. Presenting Sponsor of
this Seminar is 'Paymate'.

This Seminar will provide a neutral platform where the Regulators,
Practitioners from Banking & Financial services and Corporate,
Vendors, Technology providers, Consultants, Academicians will come
together.

With its theme "Changing Mobile Payment Landscape - Challenges &
Opportunities", the Seminar on Mobile Banking & Payments aims to keep
apace with the recent developments, emerging m-payment models, newest
technologies and market trends in the mobile banking & payments arena.
Presenting Sponsor of this Seminar is 'Paymate'.

Aiming at long-term goal, the RBI has said, that the framework would
be such so as to enable transfer of funds from account in one bank to
any other account in the same way or any other bank on a real time
basis irrespective of mobile network of the customer. Banks can also
use SMS-based facilities to perform small-ticket payments up to
Rs1,500, as per the draft guidelines.

For more details, please visit- http://www.banknetindia.com/