HDFC Bank has finally thrown its hat into the mobile money transfer ring – the company has tied up with NGPay, the mobile payment solution from Jigrahak , reports ET. HDFC is offering a full suite of services including access to bank accounts, shopping, ticketing and payments. The service is application based, and the bank is also offering money transfer between bank accounts. Strangely enough, the ngpay site wasn’t loading on my MTNL connection.
Prior to HDFC Bank, ICICI Bank and Barclays Bank have launched mobile banking services. In related news, the Reserve Bank of India is set to release draft guidelines for mobile banking by the 15th of June, focusing primarily on safety and interoperability issues for mobile banking services.