Times Of India Article

“As RBI prepares guidelines for payment through mobile phones, a statement said: “This channel facilitates small value payments to merchants, utility service providers and the like and money transfer at a low cost.”

 http://timesofindia.indiatimes.com/Mobile_to_be_your_credit_card_soon/articleshow/2996614.cms

Excellent news for us, we were waiting for something like this to happen at the top level.

Now closing the loop would become possible from within our ecosystem seamlessly.

Jai Hind.

Just got back from an enlightening 4 days at the GSMA conference in Barcelona - got to see new companies working around social networking tools and mobile tv - i guess that was the main theme of this show. content content and more content and some more content

Everyone was doing / trying to create a social network and somehow get people hooked onto their platform. I asked if they were making money - and not surprisingly everyone candidly admitted that they were in the red. Best of luck to us all I say!!!

Met up with Ajit Joakar (http://opengardensblog.futuretext.com/) and was fortunate enough to get a dekkho at his presentation. (Its on his blog now)
Also a shoutout to the Indian GSMA / Mobile Federation - please try to take up a pavilion in the next conference - I saw stalls from Sweden, Israel, UK, Canada and France. They had invited smaller companies within their country, who could not afford to pay for a stall independently and hence were given small tables with their nameplates on it. (neatly done). This gives a big impetus to startups who are not revenue positive but would like to showcase their product in front of a global audience.

My guess is that they would have given some money to participate but essentially its heavily subsidised by the Mobile Federation of that country - if someone reading this can please reach out to the Indian Association it would be super. We need a platform on the global stage specially when India is one of the largest mobile markets.

I met only a limited number of Indian companies participating although i know that there are plenty more doing brilliant work but just don’t have the capital to go and present at the MWC.

One more thing before I sign off - DO NOT FLY ALITALIA - its the most thakela “uberscrewed”of all international carriers - pathetic - please tell everyone you meet or talk to.

Cheers

Akshat

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