Idea and Tata Communications pilot mobile money transfer from UAE to India

A joint effort by Idea, Tata, HSBC and Etisalat may make remittances from UAE to Kerala (India) faster and convenient.

Mobile phone service provider Idea Cellular has launched a pilot with Indian telecommunication firm Tata Communications, Mobile operator Etisalat and HSBC India for a mobile phone based money remittance service to its subscribers in India. The service enables Indian expatriates in UAE to transfer money to their families based in India through Etisalat's mobile remittance service with Tata Communications being the central hub for the service. HSBC India will be the banking channel for the funds transfer and disbursement in India with Mashreq being the banking partner in the UAE. The money transfer service will be enabled on the India-UAE corridor and will cover the large Indian NRI community residing in the UAE. In the first phase, the service will be extended to the over 27 lakh subscriber base of IDEA Cellular in Kerala.\

Source: TELECOMPAPER