Comments
The National Payments Corporation of India (NPCI) said the Unstructured Supplementary Service Data (USSD)-driven mobile banking platform is not very popular and it is working on alternatives.
USSD is used by GSM mobile phones to communicate with the service provider’s computers. It is available on 2G networks for banking and other data-related services.
NPCI MD and CEO AP Hota told mediapersons at the FIBAC Conference that currently only 40,000 transactions take place daily using USSD, while NPCI had planned for a million transactions a day.
Therefore, NPCI is working on an app for use on smart phones. For areas with poor telecom connectivity, voice-driven applications could be launched in two months.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.