{"references": ["Andrew Zerzan, Wameek Noor, Najah Dannaoui, and Louis de Koker. 2011. Protecting Mobile Money against Financial Crimes: Global Policy Challenges and Solutions. Washington, DC: World Bank. [Google Scholar]", "Communications Commission of Kenya. 2011. \"Quarterly Sector Statistics Report: Q3 2011.\" Nairobi.[Google Scholar]", "Demirguc-Kunt, Asli, Thorsten Beck, and Patrick Honohan. 2008. Finance for All: Policies and Pitfalls in Expanding Access. Washington, DC: World Bank.[Google Scholar]", "Beach, G. (2011). Trend Watch: 5 Reasons why mobile payments offer a huge opportunity for banking. Computer World, September, 3. [Google Scholar]", "Aker, Jenny, Rachid Boumnijel, Amanda McClelland, and Nial Tierney. 2011. \"Zap It to Me: The Short-Term Impacts of a Mobile Cash Transfer Program.\" Working paper 268, Center for Global Development, Washington, DC [Google Scholar]", "Kock, N. (2005). M-Commerce: Technologies, services and business models, International Journal of e-Collaboration, 1(2), 56-60.[Google Scholar]", "Martinez, M. and McKay, C. (2011). Emerging lessons of public funders in branchless banking. CGAP, 72, 1-13.[Google Scholar]"]}

In recent years, financial inclusion has been one of the most discussed issues in India as well as in other developing countries. Growing awareness and reachability of IT facilities has resulted in easy accessibility to banking services. Now the brick office has been replaced by click office and the use of m-banking (mobile banking) and in particular, payments by mean of smartphones or mobile phones, has tremendously increased across the world and specifically in a number of developing countries. Mobile Payment technology is becoming significant, as it is being used in commerce, health care, agriculture, and other sectors. Portable Payment encourages monetary incorporation and offers potential for money related combination. The most notable framework, M-PESA, began by Vodafone has accomplished in dealing with the M-PESA Mobile Money, and has carried budgetary incorporation to a great many clients. The quick improvement in portable banking, specifically, has prompted expanded access for the less preferred and impeded populace to reasonable money related administrations.