User talk:P Abraham Paul/Money Through Mobile (MTM)

Lot of discussions are happening on Financial Inclusion and Micro Finance at various levels. Mobile Banking,is one of the tools that can provide easy tool for Financial inclusion especially for people of the lower end of the economic strata.

I have propose to use an technonogy based exclusive system this. The proposed system termed as MTM or mTm representing 'Money through Mobile' is identical to the IN based pre-paid technology system as being used by Mobile telecom service providers.

Because Telecom is again is at cross roads due to declining ARPU and high investment cost on the other side, it necessary for the telecom Service Providers to foray into Mobile Banking as a diversification to sustain their business.

The system can be set up and owned by a consortium of Telecom service providers and run in collaboration with department of Posts to link it with PO Savings accounts across the country for hard cash transactions. I have detailed ppt. presentation on this which I can pass on Finance Ministry to have a look. Abraham Paul P Abraham Paul (talk) 07:27, 9 November 2010 (UTC)