MobiKwik partners Indian bank for cashless bill payments
Mobile wallet company MobiKwik has teamed up with Bharat Sanchar Nigam Limited (BSNL), the Indian state-run telecommunications firm, to offer cashless bill payments. The move follows MobiKwik's announcement that it would not charge a fee for the transferral of money from its mobile wallet to bank accounts. Paytm has also said it would not charge for transferring money to bank accounts. MobiKwik said in a statement: "BSNL caters to 38 million users and the partnership will help people to deal with currency shortage."

Demonetisation: BSNL and MobiKwik Join Forces to Offer Cashless Bill Payments News oi -Prajith After announcing zero percent fee for bank transfers, MobiKwik has partnered with BSNL to offer cashless bill payments.

MobiKwik, the mobile wallet and online payment company, on Friday, announced that it has joined forces with the state-run Bharat Sanchar Nigam Limited (BSNL) to offer cashless payments of bills.

This move comes right after MobiKwik had announced that it will charge no fee for transferring money from its mobile wallet to bank accounts.

SEE ALSO: 5 Apps to Help you Survive through demonetization and long ATM and Bank queues

This partnership will allow customers to pay bills online without having to stand in those never-ending queues. MobiKwik in a statement said that "BSNL caters to 38 million users and the partnership will help people to deal with currency shortage."

Appreciating such unprecedented move, Bipin Preet Singh, CEO, MobiKwik said, "This is the biggest surgical strike on the menace of cash ever heard of anywhere in the world.

SEE ALSO: RGC India app: Make International Calls at Rs 1.4 per minute

This is a historic policy change and will do down in democratic India's history as more impactful than the economic reforms of 1990s. This is a strong step taken by the Modi government and will benefit the growth of digital payments and digital banking in India. MobiKwik is excited to be a part of this historic moment."

Recently, MobiKwik's counterpart, Paytm had also announced that it'll charge 0% fee for transferring money to banks from its wallet. It has also rolled out a new feature called 'Nearby' which lists all the merchants in your closest proximity that accept Paytm.

Click Here for New Smartphones Best Online Deals

Best Mobiles in India

Facebook, To stay updated with latest technology news & gadget reviews, follow GizBot on Twitter YouTube and also subscribe to our notification. Allow Notifications