Dubbed the Green Money Transfer, the service enables mobile phone users to make money transfers instantly using their handsets to authorise the transfer. In order to transfer a certain amount, customers must visit a registered TATA PCO or True Value Shop and place a request for money remittance of up to Rs 5,000 to anyone living in the country. The recipient can collect the money from the registered outlets with a transaction authorisation code sent by the sender.
The service has been launched on a pilot basis in Kerala and is to be officially launched in the next 12 months.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now