BSNL launched a pre-paid card linked mobile wallet service on Friday which allows customers to transfer cash, pay for services as well as withdraw cash of up to Rs 1 lakh.
The wallet service, Speed Pay, allows a customer to load money even if he does not have a bank account. The money loaded in the wallet can be transferred to an account and even withdrawn at branches or at BSNL outlets.
"Loading money into a mobile wallet from a bank account is an option. BSNL customers who don't have bank accounts can also load money at any BSNL retail outlet and ask the retailer to recharge their mobile wallet account and pay for various services," BSNL chairman and managing director Anupam Shrivastava said.
There will be one-per cent transaction charge if money from the wallet is transferred to other bank accounts or a there is cash withdrawal.