Money lenders extract data about each customer’s contacts, then spam the contacts if debts are not repaid on time.
TRAI believes the goal of financial inclusion has been hampered because USSD costs too much relative to other mobile services.
Criminals made withdrawals from bank accounts linked to payment apps provided by Japan’s leading mobile operator and five other businesses.
A new report says mobile biometrics will be worth USD50bn within 5 years, but we need societies to also consider the costs.
We are only beginning to explore the possible uses of blockchains, the distributed technology used by Bitcoin.
From April, Visa will use software on mobile phones to check the customer’s location when they make a credit card payment.