Hai friends, now a days the main problem facing by India is that the removal of 500,1000 notes by Indian government. This cause huge difficulties to 100 crores of Indian people. Because of this shortage of currency notes in India people are looking into new online wallets for transaction. And within a months there are huge hikes in the growth of using mobile wallets in India.
But the main problem is that, when we are using a mobile internet wallet we should have a smartphone to access into it. This has become a huge problem now a days. As we know that more than 70 crores of mobile internet users, all of them don't have an smart phones. So many banks are working on it to make a new mobile wallet apps for all Java and Symbian feature phones. And now sbi has succeeded in developing the mobile wallet for all featured phones.
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State Bank of India (SBI) chairperson Arundhati Bhattacharya on Thursday said the bank will come up with a mobile wallet for feature phone by first half of this December. She said the bank has already launched a mobile wallet ‘State Bank Buddy’ for smart phone users.
Bhattacharya said this to mediapersons at SBI’s local head office here during her Odisha visit. She said the persons, who have no smart phones, can use this software tool for money transaction through their feature phones.
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Following the demonetization move, demands for point-of-sale (POS) machines have been increased across the country. Bhattacharya said they have received a very large number of requests for POS machines. “Every day we are getting a few thousand requests for POS machines. We have now 40,000 machines working. We have placed orders for purchase of 1.5 lakh more machines. We will meet the demand soon,” she added.
Thursday was first pay day rush for banks after demonetization of Rs 500 and Rs 1,000 currency notes. When she was asked about her experience about the pay day rush, the SBI boss said there has been no untoward incident reported though queues were longer at places. “At 3pm on Thursday when I last checked, 40,000 out of the 48,000 ATMs were dispensing cash. Long queues as such are normal on pay-days, but this time they were longer because of Rs 2,500 per person per day limit through ATMs,”
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To help the rural people during this demonetization process, Bhattacharya said they have deployed business correspondents (BCs) for banking transactions. “We have 56,000 BCs across the country to help the rural mass, out of which only 33,000 are actually active. In Odisha, we have 3,376 BCs and 97 per cent of them are active,” she added.
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