Barclays bank launched mobile banking service ‘Hello Money’ which will enable customers to make banking transactions from their mobile phones. According to Barclays the service is unique since it is based on the Unstructured Supplementary Service Data (USSD) platform which it claims is a safer and quicker channel than the currently prevailing platforms like text-messaging and GRPS.

Hello Money will not only allow customers to carry out a range of banking transactions from balance inquiries to third party fund transfers but one can also make utility and credit card bill payments through the service, apart from requesting for doorstep-banking or starting a fixed deposit.