时间:2025-04-26 20:32:08 来源:网络整理编辑:娛樂
What happens when the country's biggest bank, state-owned, and its largest mobile wallet firm, priva
What happens when the country's biggest bank, state-owned, and its largest mobile wallet firm, privately-owned and backed by Chinese investors, cannot co-exist?
India knows the answer.
SEE ALSO:Indians sign up for mobile wallets after most cash rendered uselessOver the last one week, customers using the State Bank of India's (SBI) internet banking system have been disallowed from transferring money to their Paytm wallets.
Instead, SBI has been recommending them to use its own e-wallet — State Bank Buddy. At the time of writing this, the app had notched up 5 million downloads on Google Play Store.
Surprisingly, there was no public announcement of this decision. It was revealed matter-of-factly when a Twitter user complained of not being able to refill his Paytm wallet via an SBI account.
The bank's official handle responded thus.
Tweet may have been deleted
And some other users confirmed.
Tweet may have been deleted
Tweet may have been deleted
This comes at a time when the mobile wallet landscape in India has heated up following the central government's ban on high-value currency notes that sucked out more than three-fourths of the cash in circulation almost overnight.
As a result, adoption of services like Paytm (backed by Chinese investor Alibaba), Mobikwik, Freecharge and others has grown by leaps and bounds.
SBI, the old incumbent of Indian banking, is feeling the heat from Paytm, especially because it has the millions of points-of-sale (PoS) in the country and is also on its way to becoming a payments bank.
Tweet may have been deleted
Also, SBI sees demonetization as an opportunity to push its own app, which some users have complained is not up to the mark.
Tweet may have been deleted
Tweet may have been deleted
Tweet may have been deleted
Tweet may have been deleted
Indians have already started criticizing this move by the country's largest lender and are apprehensive that this could set a precedent for other banks as well.
Tweet may have been deleted
Some have even called for the intervention of the RBI, India's federal bank.
Tweet may have been deleted
Tweet may have been deleted
We'll have to wait and watch what happens next.
Over 82,000 evacuate as Blue Cut fire rapidly spreads in southern California2025-04-26 20:15
Don't be fooled: Crypto is going up because of market manipulation2025-04-26 20:13
A Reddit poster claimed to be a juror in the Darrell Brooks trial. It was a fake.2025-04-26 20:01
The LEGO wildflower bouquet is available for pre2025-04-26 19:34
This app is giving streaming TV news a second try2025-04-26 18:49
'Triangle of Sadness' review: "eat the rich" comedy goes gross2025-04-26 18:26
The 'Squid Game' reality show is a dangerous disaster2025-04-26 18:21
High Valyrian from 'Game of Thrones' has four genders. Here's why.2025-04-26 18:04
Pole vaulter claims his penis is not to blame2025-04-26 17:54
'Triangle of Sadness' review: "eat the rich" comedy goes gross2025-04-26 17:46
Photos show the Blue Cut fire blazing a path of destruction in California2025-04-26 20:30
Home Depot just got more 12 foot skeletons — grab one now for delivery by Oct. 312025-04-26 20:12
'Quordle' today: See each 'Quordle' answer and hints for November 252025-04-26 20:06
The new season of 'Doctor Who' is coming to Disney+2025-04-26 19:24
Tourist survives for month in frozen New Zealand wilderness after partner dies2025-04-26 19:22
'Quordle' today: See each 'Quordle' answer and hints for November 252025-04-26 19:22
Ordered something from JD Sports? Hackers might have your data.2025-04-26 19:08
Meta has developed an AI translator for an unwritten language2025-04-26 18:59
Olympian celebrates by ordering an intimidating amount of McDonald's2025-04-26 18:51
The cost of living crisis is impacting our dating habits2025-04-26 18:35