MoneyWorks4Me

RCom ready with basic mobile banking services

27 Aug 2014 Evaluate

Reliance Communications (RCom) is all set with its mobile banking service which will enable banking transactions for its customers, irrespective of the handset, make or region.

Customers of RCom, which offer mobile phone services on the GSM and CDMA technologies, need to dial *99# short code on their handset, which will allow them to access banking services across 29 nationalized banks with a single number. The subscribers will be charged Rs 1.50 per session, as mandated by the sector regulator.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.

Peers
Company Name CMP
Bharti Airtel 1827.50
Vodafone Idea 14.23
Indus Towers 380.25
Tata Communications 1792.45
Railtel Corp. India 259.30
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