1. mobile banking
2. branchless banking
3. microfinance (now the telenor is in the picture)

Just wanted to clarify:

1) Inov8 is a mobile banking product – requires GPRS enabled Java phones, works on Mobilink, has 1-2 banks signed up, and from we understand, mostly a bill payment interface. It caters to high end of the market which has Mobilink GPRS connection, sophistication to understand GPRS/J2ME and a bank account. We really wish them best of luck against their problems with SBP. One can expect a million people using it once they’ve signed up perhaps 10 banks.

2)amaana is a secure payment platform for the un-banked, including a complete core banking transaction processing system. Mobile is 1 interface to the many interfaces to this branchless banking system, and it works on all handsets across all operators. Our trial is documented on youtube.com and commercialization is in process.

It is important we do not confuse the readers and keep the distinction between mobile banking and branchless banking – banking through retail outlets with deposits guaranteed by the SBP. BB has a much larger scope to solve the 90% un-banked problem of Pakistan.

ngpay is not just about bill payments & banking, but a complete end to end M-commerce solution including shopping, ticketing & much more with end to end financial grade security for the user.

Today most entry level handsets within the range of INR 2-3k are JAVA & GPRS capable add to it the fact that most operators do have a pay per use plan for basic GPRS which comes pre-activated for new connections & not to mention that ngpay even works on CDMA networks.

The biggest challenge for all the mobile commerce platforms today is educating the user. In such a scenario more is merrier. More the number of players, the better for the user as well as the service providers.

I personally believe M-Commerce is the way to the future & future is already here.

Regards

Babar