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State Bank of India (SBI) has launched ‘Mobicash Mobile Wallet’ in association with state-owned telecommunications company Bharat Sanchar Nigam Ltd (BSNL). It will provide a mobile wallet to the masses and works with smart as well as normal feature phone. The special feature of Mobicash is that users can deposit cash with BSNL retail outlets and can also withdraw cash from his/her account. The bank said the wallet will initially be available in Punjab, Rajasthan, Haryana and Bihar. The service will then be expanded on pan-India basis by December-end. Our Bureau
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