Wednesday, 12 December 2012

Mobile money - sending money from kirana store via SMS

YES Bank is partnering retail stores to allow customers in remitting money through these shops. Remitting money from the kirana store in the neighbourhood or allowing cash withdrawal from your bank account through a text message has become possible, with private sector lenders starting to offer these services.
On his way to work each morning, Bajaj noticed long queues outside bank branches. He found migrant workers were waiting for hours for the bank to open, to send money to their families

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