Global pilot project set to revolutionise remittances.For millions of non-resident Indians, remitting money could soon be an SMS away. Led by Indian telecom companies like Bharti Airtel under the aegis of the GSM Association — the global body of GSM mobile operators — a unique experiment will be launched in February to make global money transfers through the mobile phone on a common platform a reality.
Over 20 operators from the Philippines, Mexico, Russia, Europe, the US and the UK and big names like Vodafone have been roped in for the pilot project, with commercial launch expected in the next 12 months.
Source: Business Standard
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