Money on mobile
There is a requirement of cashless transactions. We have two wallets — one is B2B, called Money On Mobile, and the other is B2C, called MoM wallet. In a short span of time, we have had two cashless campuses that is accessing money through swipe cards or through mobile phone. The mobile phone cuts across and is a big leveler today. Tele-density in India is increasing at a fast pace. The smart city and financial inclusion is about how mobile wallets can play a special role. We have done enough work in bill payments and utility payments, and education, transport, healthcare and insurance. My take for a smart city is that for a smart city, you yourself need to be smart first, be equipped with smart tools of technology. So, you need to be upgraded first. A change management has to be done. It has to be an orbit-shifting technology.