Mobile Finance

Mobile signature solutions make their debut in India

Indian mobile users will soon have access to the country’s first ever mobile signature solution for legally binding digital transactions...

Indian mobile users will soon have access to the country’s first ever mobile signature solution for legally binding digital transactions. The solution, which is developed by authentication specialist Valimo in conjunction with digital security firm Gemalto, is handset-agnostic and will be provided by MobME Wireless Solutions.

Open and interoperable, the Valimo system deployed in MobME’s data centre is available to mobile network operators and service providers such as banks and enterprises across India. Carriers providing the MobME service will provide their subscribers with the SIM cards that feature the necessary software. Subscribers will then need to register to start using the service on their usual mobile handset. Relying on two-factor authentication, the solution guarantees proof of ID and non-repudiation of transactions. It is particularly useful for financial, healthcare, enterprise and eGovernment services which require strong user identification, authentication and transaction authorisation.

“With over 900 million mobile phone subscribers and 15 million broadband users in India, the mobile phone is the preferred platform for maximising the potential of digital signatures, compared to computers,” said Sanjay Vijayakumar, CEO of MobMe.

“The Reserve Bank of India has provided steady vision and pushed for the use of mobile phones in filing financial reports over the last few years,” said Eric Claudel, Senior Vice-President of Telecommunications at Gemalto. “Our UpTeq range of high-end SIM cards can enable a wide range of next-generation secure e-services available on all handsets, bringing convenience to consumers in India.”

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