Bank of Maharashtra to launch mobile wallet

Kolkata, Aug 19 (IANS) Stating that mobile banking will change the way people do banking, a Bank of Maharashtra official said on Wednesday that it will roll out its mobile wallet latest by February next year.

“We are in the process talking to various companies to launch the mobile wallet. Within three to six months, we will roll out the mobile wallet,” Sushil Muhnot, the bank’s chairman and managing director, told the media here on the sidelines of the FICCI Banking Conclave.

He said the bank would be investing in technology to step up its operations and would focus on rolling out technology-oriented branches.

The official said with the use of smartphones spreading and people embracing technology, the next phase of growth and operations was set to happen on the mobile front.

“Mobile banking will change the way we do banking,” he said.

In future, more services and facilities would be made available on the mobile based platform, the official said. “Moreover, mobile wallets are also gaining momentum,” he said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here