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    USSD

    Uploaded by

    Soumya Ranjan Panda
    The document discusses USSD (Unstructured Supplementary Service Data) mobile banking as an alternative to internet-based digital payments for those affected by India's demonetization. It provides advantages of USSD such as safety, no app installation, and not requiring internet. The project's objective was to educate lower income individuals on using USSD for cashless transactions by demonstrating the 6-step process to transfer funds from their mobile phone without internet. This helps address financial inclusion issues during India's current cash shortage.

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    © All Rights Reserved
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    USSD

    Uploaded by

    Soumya Ranjan Panda
    98 views3 pages
    The document discusses USSD (Unstructured Supplementary Service Data) mobile banking as an alternative to internet-based digital payments for those affected by India's demonetization. It provides advantages of USSD such as safety, no app installation, and not requiring internet. The project's objective was to educate lower income individuals on using USSD for cashless transactions by demonstrating the 6-step process to transfer funds from their mobile phone without internet. This helps address financial inclusion issues during India's current cash shortage.

    Original Description:

    How to send money VIA USSD in India

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    The document discusses USSD (Unstructured Supplementary Service Data) mobile banking as an alternative to internet-based digital payments for those affected by India's demonetization. It provides advantages of USSD such as safety, no app installation, and not requiring internet. The project's objective was to educate lower income individuals on using USSD for cashless transactions by demonstrating the 6-step process to transfer funds from their mobile phone without internet. This helps address financial inclusion issues during India's current cash shortage.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    98 views3 pages

    USSD

    Uploaded by

    Soumya Ranjan Panda
    The document discusses USSD (Unstructured Supplementary Service Data) mobile banking as an alternative to internet-based digital payments for those affected by India's demonetization. It provides advantages of USSD such as safety, no app installation, and not requiring internet. The project's objective was to educate lower income individuals on using USSD for cashless transactions by demonstrating the 6-step process to transfer funds from their mobile phone without internet. This helps address financial inclusion issues during India's current cash shortage.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    USSD BANKING

    ORGANIZATIONAL
    BEHAVIOR- GROUP 6
    PROFESSOR SUCHITRA PAL

    UM16070: ANNIRUDHA SINGH CHAUHAN

    UM16082: GEETESH DEBAYAN

    UM16091: MANISHA SAMAL

    UM16097: SMRUTI SAGAR MOHANTY

    UM16105: SANGRAM SAHU

    UM16116: SOUMYA RANJAN PANDA


    Introduction:

    The recent demonetization has led to a cash crunch across India since about 85% of the
    currency was deemed invalid overnight. The high value currency notes of Rs 500 and Rs
    1000 were abolished as part of Prime Minister Narendra Modi’s radical move against
    the black money holders. However, this led to a substantial rise in the use of digital
    payments through applications like PayTM as individuals had to resort to cashless
    transactions to pay off their bills. Such applications require the use of good speed
    internet and a smartphone. The most affected are the poor income groups who cannot
    use the high denominations anymore nor can they afford smart phones and internet
    connectivity. There is an alternative to this internet form of digital banking: use of
    mobile banking through USSD technology.

    USSD:

    USSD stands for Unstructured Supplementary Service Data. USSD codes are directly
    communicated to the telecom company. They begin with an asterisk (*) and end with a
    hash symbol (#). These codes are used on a daily basis when any mobile phone user
    wishes to check his or her talk time balance or internet packet balance. For banking
    purposes, these USSD codes connect the servers of the bank and the telecom operator.
    This was developed by NUUP, or National Unified USSD Platform. USSD is available for
    all GSM enabled handsets.

    Advantages of USSD:

     Safety
     No installation unlike installation of third party applications
     Easy to use menu
     Internet connectivity not required
     Works on a GSM based SIM card

    Objective of our project:

    The aim of our project was to educate some lower income individuals and enable access
    to USSD form of payment for various transactions. It is socially relevant as it helps these
    people during the current cash crunch. The basic requirement to utilize the USSD
    technology for cashless transactions is that they need to be registered for mobile
    banking. However it is not compulsory for the beneficiaries.

    We went ahead to talk to fruit and fruit juice vendors, auto rickshaw drivers and betel
    shop owners near the central railway station of Bhubaneswar at Master Canteen. We
    trained them to use this facility on their phones. We picked this location as it is a busy
    area. We even managed to interact with kids playing around who were willing to
    understand this form of mobile banking. Given the ever changing nature of technology,
    such information is also beneficial to children. The advantage was it did not involve
    extremely complicated steps. We explained them the fund transfer process in rather 6
    simple steps. Here’s the 6 step procedure to make an easy transfer of money from the
    user’s mobile phone:

    1. Dial *99#

    2. Enter first 4 letters of your bank IFSC or 2 digit Bank Code

    3. Select Send Money- MMID

    4. Enter 10 digit mobile number & 7 digit MMID of the payment receiver

    5. Enter amount (daily limit Rs 5000/-) & MPIN

    6. That’s all! Payment has been made and you receive a confirmation message

    The English version uses the code *99#. It is available in 11 regional languages. The code
    used in Oriya language is *99*32#.

    References:

    http://www.pradhanmantriyojana.co.in/99-ussd-codes-mobile-banking-services/

    http://economictimes.indiatimes.com/wealth/spend/demonetisation-ussd-technology-
    to-pay-digitally-without-internet/articleshow/55574701.cms

    http://upipayments.co.in/99-bank-balance-fund-transfer/

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