NPCI is now attempting to provide frontend consolidation to banks in the form of common Unstructured Supplementary Service Data (USSD) platform to enable the users to use low end mobile handsets that do not require any specific application to do mobile payments/banking. These innovations in IMPS are expected to promote mobile banking transactions in the country in a big way.
6  BIS central bankers’ speeches  Electronification of KCCs The smart card linked, mobile based and Aadhar enabled KCC, popularly known as m-KCC, was launched in July 2012 and is seen as a great example of harnessing the latest technology for user friendly applications for financial inclusion of farmers.