TRAI prescribes ceiling tariff at Rs 1.50 for USSD-based mobile banking services

TRAI prescribes ceiling tariff at Rs 1.50 for USSD-based mobile banking services

Thursday, 28 November 2013

TRAI prescribes ceiling tariff at Rs 1.5...

The Telecom Regulatory Authority of India (TRAI) has prescribed a ceiling tariff of Rs 1.50 per session for mobile banking transactions. The tariff will be effective beginning January 1, 2014.

According to TRAI, the unstructured supplementary service data (USSD) platform used for banking through mobile phone, is a ubiquitous, inexpensive, secure and convenient channel. And therefore, with an aim to encourage financial inclusion and make financial services affordable for masses, the regulatory authority has prescribed ceiling tariff of Rs 1.50 per banking transaction.

TRAI has further stated that the current tariff of Rs three per SMS proved to be a deterrent for mass adoption of mobile banking services. Besides fixing ceiling tariff, TRAI has also increased the maximum number of stages for completion of a banking transaction from two to five.

TRAI prescribes ceiling tariff at Rs 1.50 for USSD-based mobile banking services

TRAI prescribes ceiling tariff at Rs 1.50 for USSD-based mobile banking services

Thursday, 28 November 2013

TRAI prescribes ceiling tariff at Rs 1.5...

The Telecom Regulatory Authority of India (TRAI) has prescribed a ceiling tariff of Rs 1.50 per session for mobile banking transactions. The tariff will be effective beginning January 1, 2014.

According to TRAI, the unstructured supplementary service data (USSD) platform used for banking through mobile phone, is a ubiquitous, inexpensive, secure and convenient channel. And therefore, with an aim to encourage financial inclusion and make financial services affordable for masses, the regulatory authority has prescribed ceiling tariff of Rs 1.50 per banking transaction.

TRAI has further stated that the current tariff of Rs three per SMS proved to be a deterrent for mass adoption of mobile banking services. Besides fixing ceiling tariff, TRAI has also increased the maximum number of stages for completion of a banking transaction from two to five.

TRAI issues recommendations for network management during disasters

TRAI issues recommendations for network management during disasters

Thursday, 28 November 2013

TRAI issues recommendations for network ...

The Telecom Regulatory Authority of India (TRAI) has come out with recommendations for telecom network management during disasters. According to regulatory authority in times of natural disasters and emergencies, telecom networks witness a significant increase in telecom traffic leading to network congestion thereby impacting disaster management efforts during such crisis.

In its recommendations, TRAI has proposed that a priority call routing should be instituted by the service providers to ensure that calls of workforce responsible for response and recovery during disasters are routed on priority basis. Further, the regulatory body has suggested a pilot project to ascertain the cost of equipment and infrastructure required for setting up a system that can ensure normal functioning of the telecom networks in the event of a disaster or a calamity.

TRAI has sought views of industry stakeholders to look into the technical issues involved in implementation of priority call routing in the country.