时间:2025-04-26 13:15:14 来源:网络整理编辑:綜合
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.
Tourist survives for month in frozen New Zealand wilderness after partner dies2025-04-26 12:49
洋蔥出芽可以吃麽2025-04-26 12:46
炒包菜絲怎麽做好吃2025-04-26 12:24
椒鹽龍頭魚的做法竅門2025-04-26 12:05
Samsung Galaxy Note7 teardown reveals the magic behind the phone's iris scanner2025-04-26 11:55
手鐲取不下來怎麽辦2025-04-26 11:48
誰在等你你在等著誰是什麽歌2025-04-26 11:48
這娘們不像好人是什麽梗2025-04-26 11:10
Olympic security asks female Iranian fan to drop protest sign2025-04-26 10:58
氧氣罐能上飛機麽2025-04-26 10:35
PlayStation Now game streaming is coming to PC2025-04-26 13:06
牛奶加水可以喝嗎2025-04-26 12:44
山粉是什麽粉2025-04-26 12:25
蓮藕七孔和九孔的區別2025-04-26 12:22
MashReads Podcast: What makes a good summer read?2025-04-26 12:05
豆腐怎麽炒啊2025-04-26 11:55
吃甲魚是什麽梗2025-04-26 11:29
我的金輪是什麽梗2025-04-26 11:17
Olympic security asks female Iranian fan to drop protest sign2025-04-26 10:50
什麽食物對腦梗有好處2025-04-26 10:37