State Bank of India, the country’s largest lender, is about to launch mobile wallet ‘Batua’ next month, reports TOI. With this launch, SBI will become the first bank to offer wallet services for smartphone users.
This is among SBI’s efforts to become the banker for Digital India. Post launch, the ‘Batua’ service will be available to both existing and non-SBI customers on Java-enabled mobile phones. Customers can log on to sbi.co.in to download ‘Batua’ on their desktop and install the app on their phones.
Earlier in August this year, SBI had launched ‘State Bank Buddy’. The app allows its users to access seller’s apps directly without downloading the latter separately. Customers can also send money to new and registered customers, book movie tickets, flight tickets, hotels and do mobile shopping from the app.
However, customers using ‘Batua’ will only be able to load, pay and receive money.
The bank is in the process of developing another version of ‘Batua’ for non-smartphone users, who don’t have internet access through their phone and thereby cannot download any app.
The pilot project will entail SBI’s plans to use instant messaging service to enable its customers to send and receive money. The project is set to be launched sometime in the next year.