The State Bank of India is looking to launch its mobile wallet solution dubbed ‘SBI Buddy’ within this week, reports ET. The new wallet will be available to non-SBI customers as well. The report also mentions that SBI has tied up with various merchants to let users access the merchants’ store directly via the ‘Buddy’ app. Interestingly, SBI seems to have uploaded a document with FAQs regarding this initiative along with a web page and then subsequently pulled it. While the bank page and the original pdf are no longer available on SBI, they can still be found cached on Google’s servers here and here. We got some details from these documents: List of features: The app will allow users to add money via debit card, net banking or IMPS, then enable them to send the money to any contact on their phone books or on Facebook. Users will be able to track requests of money owed by them and owed to them. Additionally, the app will allow users to pay mobile/DTH bills as well as buy flight, bus and movie tickets. The bank mentions that, for now, it will not charge users for using any of the app’s features. The app will be available for Android phone running v 3.0 and above and will require a working internet connection to function. Transactional limits: According to SBI, the app will allow users to keep a maximum balance of Rs 10,000 at one time. The bank also limits the total…
