BHOPAL: The Bharat Sanchar Nigam Ltd joined hands with the State Bank of India to launch the Mobicash App, on Wednesday to develop habit of cashless transactions among people of semi urban and in rural areas by turning the smart phone into virtual wallet.
In a joint press conference chief managing director, BSNL, Dr GC Pandey and chief general manager, SBI, KT Ajit informed that to promote cashless transactions through feature mobile a programme has been designed.
The Mobicash App is designed in such a way that the mobile has turned into the wallet. It is not necessary that the user should have a bank account.
The BSNL user can do their transactions through mobile. The user can deposit money in the wallet and also withdraw the amount. The customer service providers (CSP) of the BSNL are entitled to deposit the amount and also to provide cash.
It is a SMS based operational system, in which the chances of fraudulence in the transactions are very nominal.
CGM, KT Ajit informed that the users without the bank account can keep Rs 10,000 as a maximum amount and those who have account they can hold Rs 50,000 in their wallet.
The minimum charge for the transactions is Rs 3 and the maximum is Rs 120. One can make transactions up to Rs 5,000 per day with upper limit of Rs 20,000 a month.
CMD, BSNL, Pandey said that there are around 22,000 CSP in the state, right from village level to city, these CSPs will help the consumers of the BSNL to prepare the wallet, to provide cash and also to deposited the amount. He also added that the App runs on both android and feature phones and to use the App no internet is required. It is claimed by the officials that the use of ‘Mobicash’ and ‘Buddy’ App is much easier and money saving applications.
However the transactions charges and SMS cost is too high for the small purchase. In the rural areas people save money on each and every purchase, but to purchase an item of Rs 10, the buyer has to pay minimum Rs 3 as a transactions charge and 80 paisa as SMS charges. The cost of the product of Rs 10 will reach up to Rs 13.80, which will be around 40 per cent higher than the actual cost.
