SIB M-Pay launched

Mr B. Sambamurthy, Director, IDRBT, the technical arm of the Reserve Bank of India, has launched South Indian Bank's mobile banking service — SIB M-Pay — on CBS platform, which enables fund transfer round-the-clock throughout the year.

The scheme facilitates the convenience of fund transfer to other banks even on holidays. The customer receives the money instantly to the account from anyone without sharing the account number. All transactions are followed by an instant SMS confirmation . All the facilities offered are without any additional charge.

Mr Gigo Joseph, CEO, Infopark, released the wallet size ‘User Guide' on SIB M-Pay by handing over a replica to Mr Abraham Thariyan, Executive Director, South Indian Bank.

Mr P. J. Jacob, DGM, DICT, South Indian Bank, welcomed the gathering and Mr A. Sony, AGM, Marketing, SIB, delivered the vote of thanks.