Globally, mobile has revolutionized opportunities for all. It has started facilitating the Indian banks in offering value-added services to its existing customers and has begun to reach a large unbanked population to provide basic financial services. The mobile payments, as a utility and online commerce are gaining traction worldwide and are serving as the tool for inclusion in India, especially with the Government making huge investments in infrastructure and providing low cost access devices for social inclusion. Given large mobile penetration and being the third largest Internet user in the world, Indian market for mobile value-added services is expected to reach $9.5B in 2015, from $4.9B in 2012. The Government has taken certain commendable steps including policy direction and infrastructure creation. With similar approach, more investments and next generation technology adoption, high- speed broadband will soon cover the bottom of the pyramid, enabling a digital revolution. Dr Rajiv Kumar Jain
Posted on: Wed, 13 Nov 2013 11:04:20 +0000
Trending Topics
Recently Viewed Topics
© 2015