gibreel ferishta
As Indian banks gear up to offer mobile banking as the next step in payment systems, they also need to address customer concerns with regard to security.
The dependence of banks on mobile payment service providers would place the knowledge of customers in public domain. Therefore, banks would need to take adequate risk control measures to manage such risks and protect sensitive customer data.
This was the opinion shared by speakers at a seminar on mobile banking organised by Banknet here on Tuesday.
With mobile subscriber base touching 300 million in India, banks are increasingly exploring ways to adopt mobile banking practices.
mobile banking mobile telephony RBI
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