Phasing out PDS with DBT in a phased manner and disbursement of payments on subsidies and other Government welfare schemes with Money through Mobile’ (mTm) through Banking system could be the biggest game changer.
Originally posted on papaulsblog:
Universal Un-banked or Exclusively banked Money Management by Phone, to enable ‘Financial Inclusion’ of people in the lower strata across the country.
Author: P. Abraham Paul. http://wp.me/p1ZsI2-4g
Introduction: Universal money management using phone, a path breaking state of the art idea to enable all sorts of day to day money transactions through phones is a non-banking product that will accelerate ‘Financial Inclusion’ of people in lower economic strata across the country and will become an effective tool for supporting their Micro Finance needs in addition to facility to communicate.
Money through Mobile (MTM), is just an acronym used herein that explain in short the idea, features, products, services, the technology involved, the business aspects and the need and advantages it can provide to society as a whole with a vision that in nearest future converged Mobile and Fixed devices will become simple tools that would enable comfortable life style for everyone…
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