Monday, October 6, 2008

'Organised retail in India is still at its infancy with low penetration levels'

Pay through the mobile phone

Even at a 3 per cent conversion of every mobile bill payer onto an mCommerce solution, the industry would be worth around Rs 3,000 crore, estimates Sanjay Swamy, CEO, mChek.
The Bangalore-based company provides mobile-based security and payment services, enabling users to transact, through their mobiles, the payment of utility bills and insurance policies, buying airline, bus and movie tickets, and recharging their prepa id mobile accounts, among other services.

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