BSNL Friday July 03,2015 launched a pre-paid card linked mobile wallet service
which would allow its customers to transfer money, pay for services as
well as withdraw cash of up to Rs 1 lakh.
The wallet service, Speed Pay, allows a customer to load money even if he does not have a bank account.
The money loaded in the mobile wallet can be transferred from mobile phone to a bank account and even withdrawn at bank branches or at BSNL outlet
There will be 1 per cent transaction charge if money from wallet is transferred by a person to other bank accounts or a there is cash withdrawal. There are no other charges for other services. Daily cash withdrawal limit is Rs 5,000 and for full Know Your Customer compliant person it is Rs 1 lakh
The money loaded in the mobile wallet can be transferred to a bank account and even withdrawn at bank branches or at BSNL outlets.
Telecom Minister Ravi Shankar Prasad inaugurated the wallet service in New Delhi
"I remember when after becoming minister, we were giving presentation of Department of Posts to the Prime Minister, the PM asked that can people of UP, Bihar, who work in Kerala and Tamil Nadu, transfer money to their poor mothers? " .... I am happy that today we have taken significant initiative in that direction," Telecom Minister Ravi Shankar Prasad said
"Loading money into wallet from a bank account is an option. BSNL customers, who don't have bank accounts, can also load money by visiting any BSNL retail outlet and ask the retailer to recharge their mobile wallet account and pay for various services," BSNL Chairman and Managing Director Anupam Shrivastava said
The wallet service, Speed Pay, allows a customer to load money even if he does not have a bank account.
The money loaded in the mobile wallet can be transferred from mobile phone to a bank account and even withdrawn at bank branches or at BSNL outlet
There will be 1 per cent transaction charge if money from wallet is transferred by a person to other bank accounts or a there is cash withdrawal. There are no other charges for other services. Daily cash withdrawal limit is Rs 5,000 and for full Know Your Customer compliant person it is Rs 1 lakh
The money loaded in the mobile wallet can be transferred to a bank account and even withdrawn at bank branches or at BSNL outlets.
Telecom Minister Ravi Shankar Prasad inaugurated the wallet service in New Delhi
"I remember when after becoming minister, we were giving presentation of Department of Posts to the Prime Minister, the PM asked that can people of UP, Bihar, who work in Kerala and Tamil Nadu, transfer money to their poor mothers? " .... I am happy that today we have taken significant initiative in that direction," Telecom Minister Ravi Shankar Prasad said
"Loading money into wallet from a bank account is an option. BSNL customers, who don't have bank accounts, can also load money by visiting any BSNL retail outlet and ask the retailer to recharge their mobile wallet account and pay for various services," BSNL Chairman and Managing Director Anupam Shrivastava said
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