Designing Mobile Money Order integrating India post to Banking systems through mobile banking
Ashok Bahadur Singh · Shodhgangotri · 2013
The rapid transition and rollover of banks’ branches towards core banking solution is yielding the transformation, evolution and integration of different entities to collaborate and integrate the business strategy on the various fronts such as micro finance institutions, postal services, insurance, telecom service providers etc. The proposed study will illustrate mobile money order evolution, present status of India Post money order, analyse the trend and suggest the approaches for increasing the efficiency of India Post money order by using mobile banking as medium to integrate banking sectors with India Post. The proposed mobile money order for India post would enhance the efficiency of present postal money order in terms of number of factors such as business growth, convenience, reduced transaction costs, social and economic developments and many more.