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Seems hype has a new name - ' Innovation' :).

As regards India the regulator has done a feasibility and reality check before calling for 'payment bank ' license .The commitee set up as a to evaluate has tried to borrow the success stories as well from other parts of the globe.

In India partnership between banks and Community Service Centres (CSC) as well as mobile phone companies is a possibility that is being seriously explored .In fact many CSCs facilitate opening of savings accounts (checking Accounts), distribute government payments and distribute loans as well. Its probably no more a possibility rather on the sidelines of truth as Axis bank has partnered with mobile operators Airtel and Idea to spread to the rural hinterland. Else where in Mexico Diconsa, an operator of 22,000 grocery stores in rural Mexico, began a program to deliver cash payments from government benefit programs to people in its stores .That has succeeded

Here is how Dans' thought gets validated :)

More than making life easier for customers the banks can actually bring into fold and also make life easier for them by enmasse relocation of customers which may not be to the banks liking to keep them in branch.In a bid to reach the unbanked India suceeded in opening 115 million bank account of which 80 million have NIL balance.In a emerging major economy like India where there is a huge potential for mobile payments given the fact in India  could cut the use of cash in an economy where nine out of 10 transactions are still paid in notes and coins .The potential to  kick-start the use of low-cost payment forms like mobile money given  that it is being used by only one in every 300 Indians is indeed enormous.So enormous that an Outsourcing company has applied for licence.

Right words Abhishek -Hype Cycle . The very purpose of technology is it divest customer out of the branch . It was ATM then internet banking and now various apps . From a business point of view there is hardly any direct income stream though a indirect one exists from mobile payments/ banking.May be a good ploy like social media banking too keep the customer interested :)

The digital disruptions is disproportionate in case of transaction banking in retail as compared to lending in retail or commercial banking where human intervention is must . Mostly to secure cheap deposits by pleasing the customer through enhanced experience I think banks are going over board . The disclaimer being all the hype made in media is indeed true . A more sensible investment would be to invest on analytics as in any case banks need to comply with BCBS 239 . With a structured data architecture available in a single point of truth investment in analytics will reduce marketing costs and result in a higher conversion

Atleast in this article nothing happens .

Yes as of now many banks have the challenge where information is in silos .The good thing is that there are many standard applications with standard login which can be implemented in a single location to provide customers with a global view by supporting treasury management, including payables, receivables, liquidity management, cash flow forecasting, financial supply chain management, wire, ACH and electronic invoice presentment/payment. As regards banks have to comply to BCBS 239 whereby they have to provision for such data.Besides they have to comply to the needs of LCR for Basel III.