Mr TY Prabhu executive director of State-run Union Bank of India informed by the end of this month bank will be launching mobile banking. He said bank has tie-up with Chennai-based BK Systems as its technology partner for offering this service to its customers.
He said, “The bank expects to launch the service by the end of June and is presently undertaking the process of implementation.”
Mr Prabhu said bank also has plans to offer full-banking services to its customers through mobile phone through the roll out of M-banking which will include account-to-account money transfer, mobile payments, and account status enquiry among other services.
Previously in December last year UBI had launched SMS banking services allowing its customers to avail basic banking services such as availing account information, mini statements on the last few transactions and making cheque book requests by sending SMS.
In the meantime, State Bank of India, country's largest lender, have plans to launch mobile-banking service around the same period and has tied-up with a Mumbai based technology company, to offer service to its customers.
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