MobMe Wireless has partnered with Gemalto and Valimo to introduce a solution on mobile phones to enable over 900 million mobile phone subscribers in India to use their handsets to put digital signatures, giving a stamp of legal sanctity to their transactions which are now done using only computers.
Digital signature, which is advocated by the RBI and the stipulated by the IT Act for transactions, is available only in computers.
Ushering in a new era in the digital revolution, MobME Wireless Solutions, one of the most exciting innovation companies in the country, has bagged the technology rights to roll out mobile digital signatures that RBI has, in its guidelines, recommended as the preferred mode for secure logins and transactions.
The Kerala-based company has partnered with Gemalto, the 6 Billion Euro global digital security leader from the Netherlands, and Valimo Wireless Oy of Finland, the world’s leading software solution provider for mobile authentication, to ensure convenient, secure and fraud-proof transactions via cell phones for the first time in India.
The historic deal was formally announced in Paris at the Cartes 2012 conference, the world’s leading event in digital security and smart technologies, held during November 6–8.
“With over 900 million mobile phone subscribers and 15 million broadband users, the mobile phone is the preferred platform for maximizing the potential of digital signatures for a digital revolution in India,” MobMe CEO Sanjay Vijayakumar said, after signing the pact.