BSNL plans to introduce prepaid Mobile Wallet along with Andhra Bank

By December 13th, 2014 AT 2:52 AM

BSNL has been on the overdrive recently and the way they are prepping up new offers supports the fact. BSNL had come up with an excellent offer wherein they would reward the subscribers with free 50MB of data for every topup above Rs.100. This time they have tied up with Andhra Bank to come up with a unique co branded Mobile wallet/ prepaid card service that will help consumers to make purchases online hassle free and in a more secure way. The project will be implemented by Pyro, a solutions based company in Hyderabad.

BSNL_Logo.svg

How does it work?

Mobile wallets are the most secure way of paying for online purchases as the danger of bank account being hacked doesn’t exist. The Prepaid wallet aren’t linked to one’s bank account. Users need to recharge the prepaid wallet online and then they can use the recharged sum of money for the online purchases just like how they do with debit card.

Players like MobiKwik, Paytm and PayUMoney are already in this arena but they focus more on the payment gateway integration part for the merchants. If executed brilliantly the prepaid wallet can be the next big thing from BSNL.

 

Mahit Huilgol is a Mechanical Engineering graduate and is a Technology and Automobile aficionado. He ditched the Corporate boardroom wars in the favor for technology battle ground. He is also a foodie by heart and loves both the edible chips and non-edible silicon chips.

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SuKaAdiAbrarRaghuramLolachanA Mohapatra Recent comment authors
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SuKaAdi
SuKaAdi

None of the decisions(sometimes innovative) or implementations are completed till now, everything is halted in midway or not started or improper or just left orphan. And the same goes for this too.

Abrar
Abrar

Although there are risks involved in using regular debit cards however several steps have been taken by banking regulator RBI to minimise the risk of frauds. For example with introduction of chip based cards now it has become almost impossible to clone it. Rather than entering into hassle of refilling the prepaid card it would be more convenient to use the debit card. Many such prepaid cards have been introduced in the past by different agencies and organisation but we have not seen mass adoption. Now with the introduction of Jan Dhan Yojana I think more people will have access… Read more »

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