BSNL and State Bank of India Come Together to Launch m-Wallet

BSNL plans to introduce mobile wallet (m-wallet) over the next two months with State Bank of India.

Tech News
1 min read
Representational image. (Photo: iStock)

Bharat Sanchar Nigam Ltd (BSNL) plans to introduce mobile wallet (m-wallet) over the next two months with State Bank of India as its banking partner.

“We expect m-wallet mobicash to be rolled out over the next two months. BSNL has chosen SBI as its banking partner in the project,” BSNL CGM (Calcutta Telephones) Amit Bhattacharya said on Tuesday.

BSNL officials said its m-wallet will be different from others as money can be withdrawn for any unutilised fund and withdrawal will be allowed from SBI ATMs.

As of now, we don’t now know how authentication will happen to withdraw money without ATM card and SBI account but there will be a process that would be known shortly how it can be done.

-Amit Bhattacharya, BSNL CGM (Calcutta Telephones)

Mobicash Wallet mobile user can pay for various services such as recharge of prepaid cards and mobile/utility bills, book film tickets and shop online.

Besides, one can transfer money using the service. BSNL will also shortly introduce BSNL Buzz, a cell broadcast service to harness its mobile subscribers base to earn revenue from its potential advertisers.

The service will help advertisers tap potential customers with location-based targeted campaigns and marketing informations, Senior GM (NWO-CM) Biswajit Paul said.

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