Tuesday, January 1, 2013

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.......

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