iPhone fans may vouch for its style, features and navigation, but what made the phone truly trend-setting is its touchscreen feature.
The day Steve Jobs announced that Apple’s first mobile device will have a touchscreen, it became the hottest mobile feature, swinging the entire industry into action. Suddenly, touchscreen became `the’ feature for all hot phones.
The [...]

Mobile banking is the new buzzword for the niche players who plans to bring banking to India’s rural population but the glitch is that RBI has still not issued final guidelines. However, players have already begun work on this new concept.
US-based mobile payment company Obopay, which marked its India foray through partnership with Yes bank, [...]

The small Indian Ocean nation of the Maldives has begun setting up a pioneering system which it hopes will make it one of the first countries whose citizens bank primarily using mobile phones.
All the country’s banks have been brought together under a single system to allow the islands’ residents to pay money in and out [...]

The Reserve Bank of India (RBI) today asked banks to keep their mobile payment services on hold till it issues final guidelines for such transactions.
Banks can, however, continue to provide basic services such as mobile alerts for credit or debit entry, balance enquiry or other services that are in the nature of providing information, the [...]

Spice Mobiles, India’s leading mobile handset-maker today launched Spice S-707n - the true m-commerce partner. With the Indian Govt. regularizing m-commerce, Spice Mobiles has tied up with ngpay, the leading mobile commerce service in the country. The launch of Spice S-707n is yet another initiative of Spice Mobiles to carry forward its tradition of offering [...]

With the Reserve Bank issuing draft guidelines for mobile banking, at least three leading public sector banks are getting ready to roll out full-banking services via cell phones in the coming few weeks.
Country’s largest lender State Bank India said it is in the final stages of its M-Banking roll-out and has scheduled its launch in [...]

PayMate India, a mobile payment company, has closed its second round of investment of $9 million led by Mayfield Fund and participation from existing investors, Kleiner Perkins Caufield & Byers and Sherpalo Ventures. Nikhil Khattau of Mayfield will join the board of PayMate. In July 2006, Sherpalo Ventures and Kleiner Perkins Caufield & Byers invested [...]

The Life Insurance Corporation of India (LIC) has tied up with Corporation Bank to enable the bank’s debit card holders pay the LIC policy premium using a mobile phone.
Corporation Bank has been offering the LIC premium payment facility through ATMs and net banking since 2003. Corporation Bank customers wishing to avail the new facility can [...]

GSM major Idea Cellular today launched a pilot service of mobile-based money remittances for its subscribers in United Arab Emirates (UAE). This service has been developed in association with Tata Communications, UAE-based Etisalat and HSBC India. In the first phase, this service will be extended to its over 2.7 million subscribers in Kerala.
Pradeep Shrivastav, chief [...]

Essar Communications Holdings, the telecom subsidiary of the Ruias-controlled Essar group, has acquired a strategic stake in US-based mobile payment solutions provider Obopay. However, neither the financial terms nor the percentage of stake acquired were disclosed.
“We are excited with our investment in Obopay. The company has introduced significant mobile payment innovations in US [...]