Intuit has announced ‘Intuit Money Manager’ in India, in partnership with Moneycontrol. The beta version will initially be available for customers of Moneycontrol.com who have opted in for this early trial program and will be extended to all the customers of Moneycontrol.com in the near future.
Intuit has conducted market research in India (
rural included, p primarily urban for money manager product) and the outcome is a money tracker/planner tool that they will be launching in the fall of 2009.
While the product details are not yet out, it seems its going to be a meta aggregator of bank accounts (related startup: OnYeM). In a country where 97% transactions are all-cash, it would be interesting to see how Intuit fares in this market (upcoming startup: trackeverycoin).
What’s your opinion?