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TRAI's Consultation Paper on 'Review of regulatory framework for the use of USSD for mobile financial services'

TRAI's Consultaion Paper on 'Review of regulatory framework for the use of USSD for mobile financial services'
Start Date :
Aug 03, 2016
Last Date :
Sep 29, 2016
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The expansion of banking and reach of financial services is considered to be vital for the long-term sustainable development of any country. From the standpoint of equity, it is ...

The expansion of banking and reach of financial services is considered to be vital for the long-term sustainable development of any country. From the standpoint of equity, it is essential that financial services are provided at an affordable cost to those who are presently excluded from the formal financial system. Mobile telephony could be the answer to the problems related to ‘last mile’ service delivery of financial services.

In order to identify and address the various issues for the use of USSD-based Mobile Financial Services, Telecom Regulatory Authority of India (TRAI) has released Consultation Paper on ‘Review of regulatory framework for the use of USSD for mobile financial services’ on 2nd August, 2016 for comments.

The objective of this Consultation Paper (CP) is to examine the need of mobile based financial services in the country from a public perspective, discuss the issues in its proliferation and to explore solutions for the same.

The Authority has extended the time for submission of comments upto 14th September, 2016 and counter comments by 28th September, 2016.

Read: Consultation Paper

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Showing 177 Submission(s)
Sathyavelu G_1
Sathyavelu G_1 9 years 10 months ago
Small suggestions: MP, MLA and ward member mobile numbers or feedback portal required.. most of MP, MLA, Ward member meeting only once election time only.. Required : Toll free number for complaining about Any Govt officer State, central also Politicians.. this should be handle Perm Minister and President
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Deepak Jhanwar
Deepak Jhanwar 9 years 10 months ago
Nowadays maximum mobile/cell phones are having biometrics sensor/cameras. hence it is now simple to implement the biometric password (face recognition/finger print scan/speech samples) connectivity for financial/banking services and connect the same with the Aadhaar card/passport biometric database for verification of the customer. The customer is allowed to do transaction during short span of time otherwise he/she has to connect again through biometrics for perfectly secure transactions.
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jayakumar vasudevan
jayakumar vasudevan 9 years 10 months ago
I had been seeing for last 30 yrs so many voluntary disclosure schemes being launched they have in the long run helped to increase black money rather than decreasing them in fact i would suggest that the governemnt must take suggestion on curbing black money. i have worked with state government and private sector if i am given an opportunity i would really be able to give law makers some ideas to be creative and reduce balck money to a great extent and may be fuehter study could atleast reduce
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Phoolchand Sharma
Phoolchand Sharma 9 years 10 months ago
When a new company is formed promoters have to pay stamp duty on shares . the rate of stamp duty should be increased in some proportion or equal to land price circle rates .This will reduce the subjectivity and chance of corruption of asking money by concerned authority. and it it will be registered in auto approval route. This is for ease of doing business.Regards
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JAGDISH PATHAK
JAGDISH PATHAK 9 years 10 months ago
In respect to 15 Aug,16 speech, I want to suggest to convey the following issues to the people, Memory of people who has participate & give life for nation, various scheme of relief to people launched, success of one rank one pension, various development project & road map, "RELIEF TO PEOPLE BY DEVELOPMENT OF NATION", GST & imp. bills passed, agriculturist,labour,poor, Dalit, & other community relief scheme & encourage to take benifit, peace in Kashmir, anti terror movement, salute to SAHID,thks
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shubham sharma
shubham sharma 9 years 10 months ago
1)Ussd apps should be in different languages, it will increase the user base 2)ussd technique which can be applied on phones with no app based os, only text based system should be developed 3)proper guidelines in banks should be made to publicise the system so that people can use it. 4)may be small screens giving vital information how to use ussd can be fixed under public banks. 5) see the video, these type of apps will benefit.
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Comments (1)
JAGDISH PATHAK
JAGDISH PATHAK 9 years 10 months ago
Heartly congratulations for passing the GST amendmend bill by Lok Sabha, Hon. PM has participate in discussion and explain all the benifits by implementation of GST, further, discuss about challenges,hon.FM has given each and every reply of MP members with specific section and facts, The Hon. PM & FM has made great effort for passing the bill for large public interest,it will be benifited to people after being act as per amendments, hope that,the constitutional & legal process will complete soon
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Vineet agarwal
Vineet agarwal 9 years 10 months ago
Most of the accounts holder in village or in towns don't know how to use Internet on mobile first they have to be taught how to use Internet Secondly those who knows Internet don't use it because the data pack are available at higher rates people use Internet for free time and for whatsapp or for some time in nights Those who don't know Internet have to be taught how to use it and those who knows it should get data pack at reasonable prices than more and more people will be bank through mobile
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