UGC SPONSORED NATIONAL SEMINAR ON

Mobile Banking System and Indian Economy

3rd FEBRAURY, 2016

DEPARTMENT OF ECONOMICS

About Bharathidasan University Bharathidasan University was established in February 1982, and was named after

the great revolutionary Tamil Poet, Bharathidasan (1891-1968). The motto of the University "We will create a brave new world" has been framed from Bharathidasan's poetic words " ". The University endeavours to be true to such a vision by creating in the region a brave new world of academic innovation for social change" (NAAC, - 2005, p.69). The year 2006-07 is the Silver Jubilee year for this great and vibrant University.

About the Department of Economics

The Department of Economics was one of the first departments to be constituted when the erstwhile Autonomous Post Graduate Centre of the University of Madras was set up at Tiruchirapalli more than four decades ago. The Department offers M.A., M.Phil., and Ph.D. Programmes in Economics. Its academic programmes are constantly updated, and are intended to provide the tools necessary to understand the working of real world economies in terms of both theory and policy. In addition to this, the Department organizes Endowment Lectures, Seminars, Conferences, etc., and also collaborates with the Academic Staff College to offer Refresher Courses.

Prelude

"The account that travels with you"

This is to be needed in today's fast business environment with unending deadlines

for fulfilment and loads of appointments to meet and meetings to attend. With mobile

banking facilities, one can bank from anywhere, at anytime and in any condition or

anyhow. The system is either through SMS or through WAP. Mobile Banking is the

hottest area of development in the banking sector and is expected to replace the credit /

debit card system in future. In past two years, mobile banking users have increased three

times if we compare the use of either debit card or credit card. Moreover, around 85 – 90

per cent of mobile users do not have their own credit cards. Mobile banking uses the

same infrastructure like the ATM solution. But it is extremely easy and inexpensive to

implement. It reduces the cost of operation for bankers in comparison to the use of

ATMs.Over the last few years, the mobile and wireless markets have been one of the

fastest growing markets in the world and it is still now growing at a rapid pace.

According to the GSM Association and Ovum, the number of mobile subscribers

exceeded two billion in September 2005, and now (2009) exceeds 2.5 billion (of which

more than two billion are GSM).

A study conducted by the Financial Consultancy Celent has expressed that 35 per

cent of online banking households have used mobile banking services by end of the year

2010. Also showing the upward trend of 70 per cent of bank centre call volume is

projected to come from mobile phones. Mobile banking will eventually allow users to

make payments at the physical point of sale. "Mobile contactless payments” will make up

ten per cent of the contactless market in 2010. Another study in 2010 by Berg Insight

forecasts that the number of mobile banking users in the US will grow from 12 million in

2009 to 86 million in 2015. The same study also predicts that the European market will

grow from seven million mobile banking users in 2009 to 115 million users in 2015. In

Asian countries like India, China, Bangladesh, Indonesia and Philippines, where mobile

infrastructure is comparatively better than the fixed-line infrastructure, and in European

countries, where mobile phone penetration is very high (at least 80 per cent of consumers

use a mobile phone), mobile banking is likely to appeal even more.

Mobile Banking System in India

Hundreds of millions of poor Indians who have no access to financial services

could benefit from mobile banking, experts say, as cell phone use grows at breakneck

pace. Banking by phone could transform the workings of the rural economy, but the

industry first needs to allay fears about transaction security and overcome low literacy

levels and banks' limited reach in remote areas. One out of ten in sale of the world's

mobiles are sold in India, according to technology research specialists Gartner, and the

country adds nearly 19 million new mobile subscribers every month, making it the

fastest-growing market in the world. An estimated 775 million people are mobile phone

subscribers. Yet, at the same time, nearly half of the adult population still does not have a

bank account.

The Reserve Bank of India has allowed 39 banks to launch mobile banking

services and recently raised the limit for the amount which can be paid through mobile

phones tenfold, to 50,000 rupees ($1,100). Currently, just five percent of mobile phone

subscribers are registered for the service and of them, a tiny 0.5 per cent uses it regularly,

according to the Business Standard financial daily, quoting industry estimates. It is

thought that 680,000 transactions worth 610 million rupees ($13.55 million) are

conducted every month. "Rail and air ticketing transactions are more frequently done

online than through mobiles," Santosh Singh, analyst with London-based investment

bank Espirito Santo Securities, told AFP. "Growth is slower than expected but it is too

early and lot of time and resources need to be spent to educate customers on usage and

security," added Samaresh Parida, a director of mobile giant Vodafone Essar, which has a

tie-up with ICICI Bank, India's largest private lender.

Significance of the Seminar

The national level seminar makes an attempt to discuss the detail of the mobile

banking system and its support to development of Indian economy. It highlights the

important features of the mobile banking activities throughout India and also expresses

the activities of multiple banking and its benefits of the business environment.

Themes

Prospects of mobile banking system

Mobile banking – Challenges and Issues

Origin and Growth of the mobile banking system

Mobile banking System and Indian Economic development

Rural economy and mobile banking system

Economic Services of mobile banking system

Improvement of mobile banking system

Financial Management of banking sector

Banking sector and Indian Economy

Methods and criteria of Mobile banking

Cyber crime and mobile banking

Call for Papers We are inviting you to contribute a research paper on any of the above mentioned

themes for presentation at the seminar. Interested contributors are requested to send their full papers (10-12 pages) with abstracts (strictly not more than 200 words) typed in Microsoft Word (font: Times New Roman, font size: 12, line space: 2). The name(s) of the author(s) must be clearly typed below the title of the paper on the front page with address for corresponding author. The appendices, notes and references must be given in scientific form at the end of the text. The full papers with abstracts should be submitted both in hard and soft copies (the soft copy may also be sent by email to vetrivelkvr@gmail.com) to Dr. K. Vetrivel, Organising Secretary, Department of Economics, School of Economics & Commerce, Bharathidasan University, Khajamalai Campus, Tiruchirappalli – 620023 on or before 10

th January, 2016 . The

papers will be reviewed by a peer committee of referees and only the selected papers will be accepted for presentation and publication.

No Registration Fee

Selected papers will be published

Participants shall have to make their own arrangements for Travel and Accommodation

Organising Committee

Chief Patron : Dr. V.M. Muthukumar Vice-Chancellor, Bharathidasan University

Patron : Dr. C. Thiruchelvam

Registrar, Bharathidasan University

Chairpersons : Dr. S. Iyyampillai Senior Professor, Department of Economics

& Chair, School of Economics & Commerce

Dr. M. Thavamani

Professor & Head, Department of Sociology

Members : Dr. L Ganesan Prof. & Head, Department of Economics

Dr. J.A. Arul Chellakumar

Professor, Department of Economics

Dr. S. Ganesan

Assistant Professor, Department of Economics

Dr. N. Prasanna Assistant Professor, Department of Economics

Dr. P. Natarajamurthy, Assistant Professor, CYDS

Dr. R. Dhakshinamuthy, Associate Professor, CSSE&IP

,

Organising Secretary : Dr. K. VETRIVEL

Assistant Professor Department of Economics, School of Economics & Commerce

Bharathidasan University

Khajamalai Campus, Tiruchirappalli - 620023

Mobile: 09442905073 Email: vetrivelkvr@gmail.com

REGISTRATION FORM

UGC SPONSORED NATIONAL SEMINAR ON

MOBILE BANKING SYSTEM AND INDIAN ECONOMY

3rd

FEBRAURY, 2016

Name :

Designation :

Organisation :

Address for Communication :

Mobile No. :

E- Mail Address :

Title of the Paper :

Signature :