BSNL launches digital wallet powered by MobiKwik

State-run BSNL (Bharat Sanchar Nigam Limited) has launched a digital mobile wallet in the august presence of Telecom Minister Manoj Sinha. The device would enable its existing 100 million customers to make bill payments and transact on e-commerce platforms. The wallet has been developed and issued by MobiKwik on behalf of BSNL.

Speaking on the occasion, Shri Manoj Sinha said, “I congratulate BSNL for partnering with MobiKwik for this special initiative as this takes us closer to realizing our Hon’ble PM’s vision of making India a digital superpower. 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. Going digital is the need of the hour for both urban and rural areas, and this partnership is definitely a step in the right direction.”

With over 1.5 million merchants on the network, the BSNL wallet is India’s largest wallet by any telecom company. The app enables Fastest Online Recharges, Bill Payments, Shopping and Bus Booking. It is the most secure, simple and fastest way to recharge your mobile phone. Users can get all top-ups, SMS, data (GPRS, 2G, 3G & 4G), local, STD, ISD, postpaid, DTH plans, vouchers and full talk-time recharge offers. Users can also pay for IRCTC train tickets with the BSNL wallet.

According to Anupam Srivastava, CMD, BSNL, “Through this strategic partnership between BSNL and MobiKwik, we are taking another important milestone in achieving our Honb’le 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 programme and will ensure that all our 100 million BSNL customers are able to seamlessly and conveniently transact and pay mobile and other financial payments through the co-branded MobiKwik wallet.”

Bipin Preet Singh, founder and CEO, MobiKwik, said, "We are proud to associate with BSNL in an endeavour to empower masses in India with access to highly dependable internet connectivity and digital payments. BSNL wallet will enable masses in paying bills, recharging their phone connections and paying for their daily purchases, within seconds.”

Mobile wallets are increasingly becoming a part of the daily lives of the digital consumers, especially the millennials who have grown up with digital, and 93.9% of Gen Y have smartphones. Thus, they use their phones heavily and integrate mobile tools in every part of their daily lives.