TRAI suggests USSD the preferred mode, as financial inclusion is paramount

To seek feedback on the usage of Unstructured Supplementary Service Data (USSD), The Telecom Regulatory Authority of India (TRAI) have released a consultation paper.

To give you more context, telecom players make use of USSD technology to send alerts to their users. USSD can be utilized for location based content services, prepaid callback service and menu based services.

'USSD appears to be one of the most promising modes for mobile banking for financial inclusion. In order to identify and address the various issues related to USSD-based mobile banking for fi ...

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