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Rajasthan Govt launches New, Secure Payments App — Bhamashah Wallet

All transactions are done over secure bank networks and all communications are done through encrypted channels

It offers instant banking services using a single identity such as name, QR code, or the mobile number of the user

Apart from paying mobile, water, and electricity bills, people can use the Wallet for wallet-to-wallet and wallet-to-bank transactions and to send money to others

The Honourable Chief Minister of Rajasthan, Shri Vasundhara Raje, today (August 23) unveiled the state’s online payment application Bhamashah Wallet.

The announcement was made during the launch of India’s biggest startup incubator centre — the Bhamashah Techno Hub — in Jaipur. The incubation centre is spread over a whopping 100k sq ft and has the capacity to seat 700.

The Bhamashah Wallet is a fully secure payment app that offers instant banking services using a single identity such as name, QR code, or the mobile number of the user.

Further, in order to use the Bhamashah Wallet, the user must have a Bhamashah Id (linked with the single sign on or SSO ID), a smartphone, and a bank account to avail the services provided by the wallet.

Key Features Of The Bhamashah Wallet

In order to enhance the security of the Bhamashah Wallet, the user needs to enter a passcode (MPIN) every time he/she opens the wallet or makes any transaction.

It must be noted that all transactions carried out using the Bhamashah Wallet are done over secure bank networks and all communications between the wallet and banks are done over encrypted channels.

With Bhamashah Wallet, one can pay for merchant transactions and e-mitra services such as mobile, electricity, and water bills. A user can also perform:

  • Wallet-to-wallet transactions
  • Wallet-to-bank transactions
  • Check the wallet balance anytime
  • Send money to friends and family using their mobile number or by scanning their QR code (provided they use the Bhamashah Wallet)

Not only this, the Bhamashah Wallet is linked with the state’s direct benefit transfer (DBT) engine. The app is available in a bilingual interface for ease of use and is a part of a free digikit.

Earlier, in January 2018, the Rajasthan government announced that it would distribute 10K digital kits to e-Mitra operators and small traders in 33 districts of the state. This kit includes a tablet, a biometric verification machine, thermal printer and a pin pad (to accept payments from the Card) along with necessary software.

Bhamashah Wallet: Tapping Into Online Payments To Create New Milestones

Since its launch in 2013, the Bhamashah Yojana has been developed as a one-stop solution for the disbursement of all government benefits to the bank accounts of women, with the robust DBT engine playing an effective role in the success of this programme.

There have been 5.61 Cr registrations and 37.5 Cr direct benefit transactions on the platform so far, and INR 14K Cr has been deposited directly into the bank accounts of beneficiaries, as of April 2018.

“If may be not today, then, in a short while, people will realise that digital is tomorrow, digital is the future, and digital is what is going to make us free of all the incumberences that we have suffered so far,”  said Rajasthan CM during her speech at the event.

The government of Rajasthan has been dedicatedly working towards the digital growth of the state and is taking every possible measure to digitally empower the state’s residents. These efforts are helping Rajasthan emerge as the digital leader of our country.

Recently, Inc42 conducted a 10-day Digital Rajasthan Yatra, covering more than 3,300 Km and travelling through 10 districts of the state.

The Digital Rajasthan Yatra II report sheds light on how the lives of women, youth, farmers, and others in the state have changed for the better, and how sectors such as small businesses, healthcare, education, and agriculture have been impacted by the wave of technology and eGovernance initiatives transforming Rajasthan.

There are various other on-ground initiatives such as e-Sakhi, eMitra, eMitra+, Krishi Vigyan Kendras, eNam, among others which have been implemented in line with CM Raje’s Digisthan mission and vision.

The Bhamashah Wallet is yet another step in this direction and is expected to replicate the success of Rajasthan government’s earlier digital initiatives.