State Bank Of India
State Bank launches pre-paid mobile wallet
State Bank of India (SBI) has launched State Bank MobiCash
Easy, a mobile wallet which offers facilities such as fund transfer, bill payment, balance inquiry, mini
statement, mobile top-ups and DTH recharge to name a few.
It is a pre -paid account accessible over mobile phones, enabling consumers to send remittances to any bank account, transfer funds to other wallets issued by SBI.
At present, money withdrawal is not allowed, and the customer is not required to fulfil the KYC (know your customer) norm.
The service, initially launched in Mumbai and Delhi, is available over Wallet Application and plain text SMS.
SBI has tied up with a private service provider OxYgen for round-the-clock money transfer and other services.
It is a pre -paid account accessible over mobile phones, enabling consumers to send remittances to any bank account, transfer funds to other wallets issued by SBI.
At present, money withdrawal is not allowed, and the customer is not required to fulfil the KYC (know your customer) norm.
The service, initially launched in Mumbai and Delhi, is available over Wallet Application and plain text SMS.
SBI has tied up with a private service provider OxYgen for round-the-clock money transfer and other services.
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