www.WirelessFederation.com/news: A mobile banking platform is proposed to be launched by Indian telco BSNL to help a mobile subscriber send money orders electronically through SMSs, encashable at all post offices in the country.

Anyone wishing to send money through the money transfer service will have to transfer the money by way of an SMS by going to his nearest post office. A lot of money could be saved as the SMS will reach on time. People having no proper address for physical delivery of the money order would also be helped by this service.

Besides, BSNL has also planned to launch a service under which a person with the help of an electronic authorization from his bank on his mobile phone will be able buy goods at the local kirana shop or any other store.

According to BSNL Board Director (Consumer Mobility) R K Agarwal, the platform had been test-piloted in Chandigarh and the state-run telecom major expects to roll out the service in association with the postal department, after getting the Reserve Bank of India’s approval.