Know why SBI is killing the banking tech space
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Called "Batua", this mobile wallet service would be launched next month and would be available to both
"We want to cater to both India and Bharat and this new initiative is part of our efforts to cater to Bharat," said an SBI official. "Post-launch customers can log into sbi.co.in download "Batua" on their desktop and load the app on their phone," he added.
SBI, which has been taking steps to become the banker to
In August, it had also launched its mobile wallet called SBI Buddy, but that was for smart phone users. SBI Buddy enabled customers to send money to new and registered customers, book movies, flights, hotels as well as use the mobile wallet for shopping. Batua, however, would only enable customers to load, pay and receive money.
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"We have a market place in Buddy. Unless the market place enables the Batua application to access these sites customers will be unable to enjoy the shopping experience on this app," the banker said.
The bank is now planning to launch another version of Batua, which would only be for very basic phones that don’t even offer internet access or allow downloading any apps.
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