THE synergy of HDFC bank and the RELIANCE COMMUNICATIONS have introduced a new system of mobile credit cards.They deviced a system that transformed a mobile into a virtual crecitcard system.Reliance is trying to implement the scheme for HDFC banks initially, since they are already reliance subscribers.
This allows all kinds of payments through mobile phones,such as internet bills,phone bills and other business transactions.More than 10 lakh people are going to be benefitted by this scheme.
This type of system also ensures more security during transactions and provides more reliability,making business deals with ease.
This is going to be launched in various banks forming a big network,thereby increasing the number of users.
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