MOBILE BANKING THROUGH USSD

Bank on *99#

Mobile Banking Through USSD

FinMOBICONNECT can support transactions from even low-end phones and hence provides an interface to the banks to provide mobile banking through Unstructured Supplementary Service Data (USSD). Mobile banking service can be initiated by, mobile banking apps need to be downloaded and installed SMS or using mobile banking app. However on the phone. In spite of viral growth in the usage of smartphones, there is a large proportion of population which still uses feature phones that do not support mobile apps based on operating systems like android, iOS, windows, etc. Envisioning the potential of Mobile Banking and IMPS, NPCI has set up National Unified USSD Platform (NUUP). Banking customers can use this service by dialing *99# across all Telecom Service Providers (TSPs) and transact through an interactive menu on mobile screen.

FinMOBICONNECT can support transactions from even low-end phones and hence provides an interface to the banks to provide mobile banking through Unstructured Supplementary Service Data (USSD). Mobile banking service can be initiated by SMS or using mobile banking app. However, mobile banking apps need to be downloaded and installed on the phone. In spite of viral growth in the usage of smartphones, there is a large proportion of population which still uses a feature phone which cannot support apps.

Envisioning the potential of Mobile Banking and IMPS, NPCI has set up National Unified USSD Platform (NUUP). Banking customers can use this service by dialing *99# across all Telecom Service Providers (TSPs) and transact through an interactive menu on mobile screen.

The customer has to dial *99# on his mobile handset. Welcome screen appears asking to enter bank details. After entering the valid details, menu will appear with different options of available services with that bank. He may use the service as required.

Services offered

  • Balance Enquiry
  • Mini Statement
  • Fund Transfer (Mobile & MMID)
  • Fund Transfer (IFSC & Account No.)
  • Fund Transfer (Aadhaar Number)
  • Request MMID
  • Change MMID
  • Generate OTP

Benefits

  • Works on all GSM mobile phones
  • GPRS is not required – works only on voice connectivity
  • Application like interactive menu
  • More secure than SMS
  • Additional Channel for Banking
  • Easier adoption due to no dependency on mobile application