Renewal Form of MPFI
To facilitate implementation of mobile payments in India with secure transactions at low cost through robust technologies.
To provide a forum to share and discuss the learnings, opportunities, developments and constraints (including regulatory issues) for
enabling mobile payments in India and its sustained growth.
To identify the various entities involved and advise the enablers for successful implementation and operation of mobile payment
systems in the country.
To create awareness among enablers and users of mobile payments through educational workshops, conferences, seminars,
certification programmes, quiz programmes etc.
To guide banks, telecom organizations, support service providers, financial institutions, Government and others for providing mobile
payments in an inter-operable and heterogeneous environment covering the rural masses.
To conduct research and market surveys and support research and collaborative development activities related to mobile payments.
To organize awareness camps, exhibitions and exposure visits within and outside India for knowledge enrichment and for adoption of
the state-of-the-art technologies in mobile payments area.
To establish and maintain data bank and provide centralized information services pertaining to all issues and developments through
publications in the Society’s website, newsletters, magazines, journals, reports, manuals, books etc.
To promote innovative technologies and develop entrepreneural skills for appropriate softwares, hardware, applications, testing tools
etc. identified from time to time.
To award prizes and medals annually in various areas of mobile payments through transparent evaluation process in accordance with
the rules to be framed from time to time.
To provide consultancy services to Govt., public and private institutions both within India and abroad as deemed necessary.
To develop standards in consultation with Regulatory and Govt. bodies and to support their periodic version updates for uniformity and
legal sanctity of adoption in domestic and global mobile payment services.
To establish, acquire, maintain and manage Society facilities and common sharable infrastructure such as offices, library, computer
centers, training facilities at various locations etc.
To establish and maintain additional centers of the Society at various locations as deemed to be necessary.
Programme Sponsored by Institute for Development and Research in Banking Technology (IDRBT) & Rural Technology and Business Incubator (RTBI), IIT Madras
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