Sun, C-SAM Launch Mobile Banking Solution

by CXOtoday Staff    Mar 31, 2009

Sun Microsystems and C-SAM have introduced a new mbanking solution for Indian banks that can be enabled on GSM or CDMA.

"Mobile banking will eventually allow users to make payments at the physical point of sale. Mobile contact-less payments will make up 10% of the contact-less market by 2010," said Swapan Dutta, TeleWeb Sales., Sun Microsystems India

According to studies, it is anticipated that internationally 35% of online banking households will be using mobile banking by 2010.

The Sun-C-SAM ready-to-deploy platform is available at approx Rs. 41 lakh. The price will vary based on licenses, technical support, and implementation.

"Together with Sun Microsystems we offer a complete solution enabling banking customers to build a sustainable business model and offer consumers a rich suite of secure mobile applications," said Sajith Kumar, VP-business development, C-SAM.

 

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