Citibank India enabled NFC mobile payments in 2009 and is now banking on m-commerce and P2P payments, while Bank of East Asia believes dynamic personalisation is the next big thing.

Date: January 22, 2013
Author: Research
Categories: Innovation, Mobile Banking, Retail Banking, Retail Payments, Technology & Operations
Keywords: NFC, RBI, P2P, Vodafone, MasterCard, Cash-to-mobile, Citibank, Bank of East Asia, Vincent Hui, Sridhar Iyer

When Citibank India piloted a mobile payments project in Bengaluru, India back in 2009, it set out to validate the commercial, operational and technical viability of leveraging near field communication (NFC) technology for mobile proximity payments. The project was envisioned and developed by Citi G...