State run telecom operator BSNL will partner with the State Bank of India (SBI) to launch an online wallet within a month, reports the Indian Express. Anupam Shrivastava, the chairman and managing director of BSNL told the publication that the service will be made available countrywide in 15-30 days. SBI and BSNL will also approach their nodal ministries to enable the wallet to disburse subsidies under Direct Benefit Transfer (DBT) scheme. Shrivastava mentions that the product testing is done, and it is ready for release once the permissions are granted. The wallet is likely to be called SpeedPay, the same name as the wallet BSNL launched in partnership with Andhra Bank in Telangana and Andhra Pradesh in July last year. At the time, BSNL had said that it was in talks with Punjab National Bank and Bank of India for expansion of its service to Karnataka, Kerala and Tamil Nadu. Interestingly, in June last year, BSNL said it would launch a mobile wallet in partnership with SBI. However, it looks like this partnership was delayed, during which time BSNL partnered with other regional banks to launch the service. The SpeedPay wallet let users withdraw cash up to Rs 1 lakh through the mobile wallet service at BSNL or branch outlets, load money from BSNL outlets and recharge their mobile wallets and pay for services. BSNL charges 1% of the transaction amount when users transfer money from the wallet to other bank accounts or in case of a cash withdrawal. Why…
- Now Health Ministry says: ‘No report’ on the creation of health database by e-pharmacies March 20, 2023
- What are the new measures taken by American telecom regulator on scam robotexts? March 20, 2023
- Here’s why you should worry about Punjab’s Internet shutdown March 20, 2023
- Last day: Don’t forget to switch from SMS two-factor authentication on Twitter March 20, 2023
- Is it Piracy if “Digital Libraries” Provide Free Access to Books? US Court Weighs Tough Question March 20, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...