Shortly people will be able to transfer money within the country in a matter of minutes via India Post. The service will utilize a mobile to send a message to the post office where money is to be received, which will in turn handover the money to the beneficiary immediately.
As stated by chief postmaster general of Kerala circle “The postal department will unveil this instant mobile money remittance scheme with the help of BSNL Infrastructure by next month”
After releasing a special postal cover in connection with the ruby jubilee celebrations of Kottayam Press Club Koshy stated that in the initial phase, the scheme will be applied in selected states like Kerala, Bihar, New Delhi and Punjab. In Kerala, the scheme will be implemented in 30 post offices in Idukki, Aluva and Pathanamthitta. She further added that as per the scheme a person can send money through a post office which will send a message to the other post office about the amount to be given to the recipient at the other end. This service will not only increase post office revenue, but will also prevent a lot of hardship that migrant labor from these states face while sending money. Currently, most of them rely on people from their locality going back home, or sending money to people who have a bank account in the locality, who then give the money to the concerned person.
Currently India Post offers money transfer through a tie up with Western Union, but with this mobile remittance service India Post will keep things in-house and will offer services to a wider audience. This system will also be easier to implement in post offices across the country.
Koshy stated that the process of computerizing the entire postal network in the country, numbering 1, 55,000 post offices, was going on. The department is planning to implement a range of products which comprises of e-post instead of letters, where a print out of an email message can be delivered to a person who doesn't own an internet connected PC or mobile; and electronic money order scheme by which up to Rs 5,000 can be sent with a small message. There have been great rumours about this service but its effectiveness can only be judged in the coming times.
Source : Themobileindian