BSNL and SBI Launches Digital Wallet MobiCash App

[Toshi Tandon]

The state-owned telecom operator BSNL has launched digital wallet MobiCash App in partnership with State Bank of India. This StateBank MobiCash app can be accessed on feature as well as smartphones.

The Widest Coverage:

The new digital wallet service is launched in four states of the country including Bihar, Haryana, Punjab and Rajasthan and will be expanded PAN-India in a fortnight to promote cashless economy. Speaking on this occasion, Mr. Arun Jaitley, Minister of Finance, Government of India, said, “With the large network of BSNL and SBI, this wallet will reach the remotest areas of the country, in line with the government’s digitisation mission.”

BSNL Chairman and Managing Director, Mr. Anupam Shrivastava, said: “The app has been launched in Bihar, Haryana, Uttar Pradesh, and Madhya Pradesh at the outset. Gradually, it will be launched all over the country to promote cashless society.” In a statement, SBI Chairman Arundhati Bhattacharya said, “This wallet would initiate the masses to the digital journey in an assisted mode”.

State Bank MobiCash:

To recap, this digital wallet application is available both in smartphone and feature phones. The customer has to register and then he or she can avail both the cash in and cash out facilities at a wide network of BSNL.