The country's second largest private lender HDFC Bank has launched MobileBank accounts in association with Vodafone m-paisa.
“Through this arrangement, customers can now perform basic banking transactions on mobile phones and even deposit and withdraw cash at appointed Vodafone m-paisa outlets, without having to go to bank branches,” HDFC Bank said in a statement issued here.
The “first-of-its-kind national initiative” for financial inclusion through mobile banking was unveiled in the presence of the Reserve Bank Deputy Governor K C Chakrabarty in Chomu near here.
From: http://ping.fm/Ww5na
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