Reliance Communications launches money transfer on mobiles
06 Sep 2007
Reliance Communications Ltd has announced that it has launched money transfer through mobile phones across the country through a tie-up with ICICI Bank.
Through this arrangement, ICICI Bank''s existing and potential customers can transfer money to their family and friends having an ICICI bank account through Reliance Mobile World enabled phones.
On the occasion of the launch of this service Mr. of the Company said,
"India
is the fastest growing market in the world with a large mobile customer base and
is also the world''s highest receiver of remittances," said Anil Pande, head,
product development. "In this context we believe M-commerce will be the next
big thing. Our association with ICICI Bank brings a paradigm shift in the way
domestic money transfer business is conducted in India, which is predominantly
being done through the banks and other agencies, Pande said."