Updated By: LatestGKGS Desk
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.
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.
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