State Bank of India launches State Bank MobiCash Easy, a Mobile Wallet, in Mumbai and Delhi offering facilities like balance enquiry, mini statement, funds transfer, mobile top ups, DTH recharge, bill payment etc.
The service is available over Wallet Application and plain text SMS. Oxigen CSPs and retail outlets will be the cash-in points to start with, the location of which can be obtained by sending SMS to 9870888888.
SBMC Easy will contribute significantly in increasing mobile payments which are in a very nascent stage presently. SBMC Easy will also address the requirements of financial inclusion as it enables us to extend financial services to unbanked masses through the ubiquitous mobile phones.
The registration process for State Bank MobiCash Easy (SBMC Easy) is very simple. For users having Android mobile phones, just send SMS to 9870888888 / 9971888888. For users having other mobile phones, send SMS to 9870888888 / 9971888888. It is not mandatory to have an account in State Bank of India to register for the State Bank MobiCash Easy.