Latest GK GS

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.


Latest State Bank Of India (SBI) Updates

» Mahila-E-haat online for business women

» SBI launched 5th Zone at Silchar to resolve customer issues

» Facebook introduces new feature It's a Fake News Story

» Google Doodle celebrates 105 anniversary expedition of south pole