The state-run telecom operator, BSNl in collaboration with SBI launched MobiCash, This is their digital wallet app with attractive specifications and options. This app called ‘MobiCash.’ which is packed with all essential features of other digital wallet apps. MobiCash is the Prepaid Mobile Wallet from BSNL. Users of MobiCash app can simply make bank transactions and bill payments with this app.
This wallet works both in smart and feature phones. You can go cashless during this money crisis due to demonetisation. MobiCash app expects to help for accomplishing the Digital India scheme. BSNL plans to launch around 1,000 Wi-Fi hot spots with 4.5G speed by next month. So customers can enjoy data which is updated to 4.5G with the high speed Wi-Fi.
MobiCash supports Both Financial and Non-Financial Transactions. You can perform wallet to wallet transfer, wallet to bank transfer, SBI bank account related tasks like changing your ATM Pin, updating your bank account profile etc. With this app you can simply Transfer Money to Bank Accounts at Zero Percent Charge.
To transfer money to a bank account, you can use MMID or by IMPS (Immediate Payment Service).With this app you Can Deposit Cash into your account by visiting the nearest SBI branch. The app is Highly Secured with a six-digit pin called the MPIN. You need to enter this pin every time whenever you want to do transaction.
MobiCash account will be blocked if you are entering wrong MPIN for three times. Reset the MPIN to get the application working again. As other apps Your Mobile Number is Your Account Number. This can be used to send money, like other digital wallet apps. The app competes with Airtel Payments Bank, Paytm, Mobikwik, etc.