In the next two to three years, mobile phones will play a key role in moving cash-based transactions to electronic platforms. The year 2011 will be an inflection point, and thereafter there will be a big upswing in mobile payments, according to Ajay Adiseshann, founder and MD of mobile payment company PayMate.
India is largely a cash-based economy and many use debit cards to withdraw cash and make payments. Usage of debit cards for electronic payments is still miniscule. “Presently, there are about 580 million mobile subscribers, of which about 400-450 …

Talk about great idea and horrible timing. Economy is weak to say it mildly. Consumers are stretched and companies are scaling back in an unprecedented way. So who cares for new shiny green widget? At the Mobile World Congress, going on in Barcelona, Spain, Nokia and Motorola are showcasing  green mobile handsets.
In a marketplace, which is still divided over the question of cost effectiveness of green technologies, Nokia and Motorola are going in for the gentle hype to establish leadership on clean technology. Nokia has been successfully running recycling campaign …