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EXECUTTIVE COMMITTEE MEMBERS 2009-11
TECHNOLOGY COMMITTEE MEMBERS 2009-11
REGULATORY COMMITTEE MEMBERS 2009-11
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EVENTS COMMITTEE MEMBERS 2009-11
A One-day Workshop on Technologies for Mobile Banking Initiatives and Micro-payments with focus on rural areas? sponsored by the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad and TENET, IIT Madras was held on December 19, 2006 at IIT Madras wherein 28 participants including several Technology Providers as Microsoft, Unitus, mCheck, Mindmill Software, Lasersoft, FSS, First Data International, FINO, A Little world, Aaeltree and Venture Infotek took part, and discussed various technology issues and developments. An important outcome of this meeting was the need to create a forum on Mobile Banking, since it involves various entities and requires mutual co-ordination for its success. The Director of IDRBT has constituted a committee consisting of 3 faculty members of IDRBT on April 17th 2007 coordinated by Dr.V.N.Sastry for the Mobile Banking Forum. Subsequently the Governing Council of IDRBT in its meeting held on July 02nd 2007, advised IDRBT to take leading part in evolving standards for Mobile Payments in India.
A meeting was held on July 26, 2007 at IIT-Madras between the committees of IDRBT, Hyderabad and TENET, IIT Madras consisting of the following 8 members: Dr.Ashok Jhunjhunwala, Dr.V.N.Sastry, Dr.M.V.N.K.Prasad, Mr.Vikas Jhunjhunwala, Ms.Laxmi Vaidyanathan, Dr.Aaarti Karla, Mr.Umesh Sachdev and Mr.Ravi Saraogi. The brain storming deliberations during this meeting lead to the formation of a forum named Mobile Payment Forum of India with a mission to enable mobile payments in India with secure transactions at low cost through robust technology. The vision of the forum was initially set to achieve the following:

(i) To provide a forum to share and discuss the leanings, opportunities and constraints (including regulatory issues) of enabling mobile payments in India,
(ii) To identify and advise the enablers for implementing mobile payment systems,
(iii) To create awareness among enablers and users through educational workshops,
(iv) To guide Banks, telecom organizations, support service providers, financial institutions, government and others for providing mobile payments in an inter-operable and heterogeneous environment including the rural masses and
(v) To take up commonly agreed upon initiatives on behalf of the members.
The Governing Council of IDRBT, Hyderabad has approved on August 9, 2007 the constitution of the Mobile Payment Forum of India with IDRBT as a founding Institution jointly with (RTBI) of IIT-Madras and supported initial secretariat at IDRBT. The first meeting of the Mobile Payment Forum of India (MPFI) was held on September 15, 2007 at IDRBT, Hyderabad wherein 50 members representing Banks, Telcos, Technology providers, RBI, IDRBT, Academic Institutions etc. participated. The Executive Committee was formed with Dr.Ashok Jhunjhunwala as Chairman, Dr.R.B.Barman as Co-Chairman, Dr.V.N.Sastry as Executive Secretary and 9 executive members. Three committees namely Regulatory Committee, Technology Committee and Business Committee respectively co-ordinated by Sri. Sachin Khandelwal, Sri. G.P.Shekar and Sri. Sanjay Bhargava was formed along with some members in each committee. It was decided during this meeting that Mobile Payment Forum of India would be registered as non-profit society with head quarters at Hyderabad.
The board of the Mobile Payment Forum of India (MPFI) consists of 15 members representing Banks, Telecom Operators, Technology Service Providers, Regulators (Reserve Bank of India & Telecom Regulatory Authority of India) and Government (MCIT). The Society has about 60 registered Institutional and Associate Members.
The Forum enables sharing of learnings and experiences, awareness creation, identifying common resources, resolving common issues and development of standards. It conducts research and marketing surveys, educational workshops and conferences, awarding mobile payment innovations and supports research activities in mobile payments. Periodic meetings of the committees and members feedback is an enabler for continuous persuasion to achieve the goals of the forum. MPFI works with international bodies for the development of secured and reliable mobile payment services for feasible integration with countries across the globe.
Its URL is: www.mpfi.org.in and E-mail is: mpfi@idrbt.ac.in
Programme Sponsored by Institute for Development and Research in Banking Technology (IDRBT) & Rural Technology and Business Incubator (RTBI), IIT Madras
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