VAS enabler, Comviva welcomed government’s plans announced in the Union Budget for 2010 towards enhancing banking facilities in rural areas including the use of mobile banking as a means to achieve this objective.

“We welcome the move to strengthen the fabric for financial inclusion in the country with the augmentation of the Financial Inclusion Fund and Technology Fund to enhance banking facilities in rural areas so as to provide financial services to the unbanked. We hope that the government will take further measures to extend the reach of mobile commerce in the country in order to realize the goal of financial inclusion for the masses in the shortest timeframe.  With over 500 million mobile phones in the country and growing rapidly, the mobile phone offers the ideal platform to deliver banking and financial services to the underserved sections of society,” said Manoranjan Mohapatra, CEO, Comviva.