PNB, BSNL Join Hands for ‘SpeedPay’ Mobile Wallet

pnb-bsnl-join-hands-for-speedpay-mobile-walletPunjab National Bank and state-run firm BSNL teamed up to roll out open mobile wallet Speedpay across 10 states in the country. PNB Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorised retail outlets. Also, Speedway users will be able to operate Internet banking services from the application.
India is now second largest market in the world with 120 crore mobile users. Congratulating BSNL, Punjab National Bank and the technology partners in helping India moving towards less cash economy,” Telecom minister Manoj Sinha said at an event to mark the agreement signing ceremony between BSNL and PNB. This partnership will give allow, BSNL to expand Speedpay services in Punjab, Chandigarh(UT), Haryana, Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh, Bihar, West Bengal, Jharkhand, and Uttarakhand.
Anupam Shrivastava – CMD BSNL Stated that BSNL has increased the reach of SpeedPay service to Northern & Eastern States through this launch. SpeedPay is also an ideal medium for Government’s Direct Benefit Transfer program, to ensure quick and direct payment of subsidies to the citizens. SpeedPay can be used by customers of any mobile network operator and is not limited to BSNL alone. SpeedPay can be used through a mobile App – currently available for Android & iOS phone users and web portal.

Filed in: BSNL India, BSNL Mobile, BSNL News, BSNL VAS, DoT, Telecom News, Telecom Operators, World News Tags: , ,

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