Mobile transactions rose 300% in Dec 2015: RBI
The worth of mobile banking transactions in the month of December 2015 increased over four-fold to ₹49,029 crore compared to ₹11,323 crore in the year-ago period, according to RBI data. Increase in the number of customers using phones for transactions, along with a growth in retail mobile banking transactions aided by increased adoption of smartphones, helped the rise, analysts said.