In a bid to enhance the usage of digital payments, state-owned telecommunications major Bharat Sanchar Nigam Limited (BSNL) and mobile wallet brand MobiKwik has announced their strategic partnership to develop BSNL’s mobile application.
MobiKwik will jointly create BSNL wallet, a new semi-closed wallet to facilitate ease of payment and also sell BSNL products exclusively in their wallet.
This venture will facilitate the users with its services like bank transactions and bill payments in a much quicker and convenient manner. The co-created wallet will be developed, operated and issued by MobiKwik and distributed and marketed by BSNL.
“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 and recharging their phone connections within seconds. The co-branded wallet shall be integrated on BSNL’s platform by Mobikwik,” said Bipin Preet Singh, Founder and Chief Executive Officer, Mobikwik.
“The 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 percent of Gen Y have a smartphone. Thus, they use their phones heavily and integrate mobile tools in every part of their daily live,” Singh added.