The Telecom Regulatory Authority of India (Trai) has mandated a ceiling price of R1.50 per transaction that a telecom operator can charge a financial institution for real-time banking services on mobile devices, removing the biggest hurdle in the path of mobile banking. While banking through a mobile handset has seen an uptake (transactions grew by 29% to 7 million in September from 5 million in January 2013, according to RBI), absence of a regulated tariff structure had led to fewer banks and service providers collaborating to expand the scope to larger unbanked segments. “Currently,

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