Updated By: LatestGKGS Desk
State Bank of India and BSNL launches State Bank MobiCash wallet
State Bank of India with collaboration with Bharat Sanchar Nigam Limited (BSNL) launches mobile wallet application State Bank MobiCash on Friday
MobiCash allows the users to deposit cash through BSNL retail outlets and withdraw funds from their accounts.
The mobile wallet services will be initially provided to Punjab, Rajasthan, Haryana and Bihar and will be expanded in more cities by the end of the year.
Finance Minister Arun Jaitley launched the mobile application wallet
As BSNL and SBI both have a wide range of networks and with this advantage it will provide easy access to users to deposit and withdraw money in even the remote areas.
Finance Minister at the launching ceremony speaks on the occasion, stated that this move will help to ease the digitalisation process of Government of India.
Finance Minister speaks on demonetisation that the fact that no instance of major unrest is reported shows that the move has been supported.
