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TRAI's Consultation Paper on 'Review of regulatory framework for the use of USSD for mobile financial services'

TRAI's Consultaion Paper on 'Review of regulatory framework for the use of USSD for mobile financial services'
Start Date :
Aug 03, 2016
Last Date :
Sep 29, 2016
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The expansion of banking and reach of financial services is considered to be vital for the long-term sustainable development of any country. From the standpoint of equity, it is ...

The expansion of banking and reach of financial services is considered to be vital for the long-term sustainable development of any country. From the standpoint of equity, it is essential that financial services are provided at an affordable cost to those who are presently excluded from the formal financial system. Mobile telephony could be the answer to the problems related to ‘last mile’ service delivery of financial services.

In order to identify and address the various issues for the use of USSD-based Mobile Financial Services, Telecom Regulatory Authority of India (TRAI) has released Consultation Paper on ‘Review of regulatory framework for the use of USSD for mobile financial services’ on 2nd August, 2016 for comments.

The objective of this Consultation Paper (CP) is to examine the need of mobile based financial services in the country from a public perspective, discuss the issues in its proliferation and to explore solutions for the same.

The Authority has extended the time for submission of comments upto 14th September, 2016 and counter comments by 28th September, 2016.

Read: Consultation Paper

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Showing 177 Submission(s)
govind diwakar
govind diwakar 9 years 11 months ago
Sir, it will be important for payment services to be available in regional language and have text to speech engines built in. Inclusion is key
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Nupur Bajaj
Nupur Bajaj 9 years 11 months ago
Sir in my view our country is increasing population day by day.. and I think due to illetracy this has been a problem and secondly due to muslims residing in India.. they have 4 to 6 kids of a single parents which is increasing day by day.. only two children for a single couple make this decision and identity card will be provided to those children only... Not more than two... Population can be controlled
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Manish Kumar Singh
Manish Kumar Singh 9 years 11 months ago
Sir Mobile banking shoule be based on common plateform with similar feature by all banks so that common man can understand, make it simple not a jazzy application. then it will be need for all not a luxury service.
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Manish Kumar Singh
Manish Kumar Singh 9 years 11 months ago
Sir, in mobile banking add biometric security which is used in adhar card. by doing this we can curve bad transactions and will be an added security in mobile banking. Also we can ask banks to educate customer on mobile banking.
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DINESH kewlani
DINESH kewlani 9 years 11 months ago
Humein abhi Bhi water problems ho rahi hai ulhasnagar me only for particular area ulhasnagar municipal and corporates all are corrupt
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SANDEEP JOSHI
SANDEEP JOSHI 9 years 11 months ago
Sir m chata hoon ki sabhi banko ko subh 7 baje s lekar 10 baje tak open kerna chaiye taki jo log private job kerte h wo banking suvidha ka fayda utha sake kuki private sector ki ya toh sunday ko chhuti hoti h ya fir subh 9 baje s 6 baje tak job hoti h isliye kai crore log banking suvidha nahi le pate so isse bank rozgar bhi badega or job create bhi hoge
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JAWADEKAR ADITYA SHRIKRISHNA
JAWADEKAR ADITYA SHRIKRISHNA 9 years 11 months ago
Respected sir, Mobile financing is really a good idea to improve expansion of banking as well as enhance the use of technology. Sir current technology is not sustainable, Every year the technology come up with profound improvements So introducing mobile based financial services has a challenge that it must sustain the changing technological needs. Also it must ensure that it provides security as cyber crime is still an issue to be resolved. Security must be the first priority.
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