India’s state-run telecom company Bharat Sanchar Nigam (BSNL) has entered into a strategic partnership with digital payments firm MobiKwik to launch a co-branded mobile wallet.
Developed by MobiKwik, the wallet will enable fast online recharges, bill payments, shopping and bus booking, among many other activities.
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Commenting on the launch, telecom minister Manoj Sinha said: “With this co-branded wallet, the ease of payment will be extended to all the customers while equally strengthening financial inclusion in the rural hinterlands, which often get neglected.”
BSNL chairman and managing director Anupam Srivastava added: “Through this strategic partnership between BSNL and MobiKwik, we are taking another important milestone in achieving PM Modi’s vision of enabling and making India a less-cash society based on his grand vision of digital India.
“We at BSNL are proud to be part of this program and will ensure that all our 100 million BSNL customers will be able to seamlessly and conveniently transact and pay mobile and other financial payments through the co-branded MobiKwik wallet.”
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By GlobalData
