时间：2026-09-16 01:07:17 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.
Credit: GOOGLE PLAY STORESurprisingly, 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.
Aly Raisman catches Simone Biles napping on a plane like a champion2026-09-16 00:32
7 moments from 'This Is Us' that will make your heart swell2026-09-16 00:27
Trump and Clinton failed to address tech in first presidential debate2026-09-16 00:09
5 charming Joe Biden & Jill Biden moments from the Social Good Summit2026-09-15 23:32
Early Apple2026-09-15 23:05
Over a dozen bread products in Australia recalled after metal pieces found inside, again2026-09-15 23:03
Jon Snow is funny, everyone2026-09-15 23:03
Court upholds right to take selfies in the voting booth2026-09-15 22:47
This German startup wants to be your bank (without being a bank)2026-09-15 22:44
Girl in inflatable T2026-09-15 22:36
Satisfy your Olympics withdrawals with Nike's latest app2026-09-16 01:04
Customer confounded by a messed up coffee and Baileys order2026-09-16 01:03
Brangelina isn't alone: 6 more couples who broke up after making movies together2026-09-16 00:54
'Outlander' adds two key cast members for Season 32026-09-16 00:08
Pole vaulter claims his penis is not to blame2026-09-16 00:02
Volvo's new high2026-09-15 23:09
Girl in inflatable T2026-09-15 22:41
Black man police killed over his 'shooting stance' was holding a vape pen2026-09-15 22:37
Man stumbles upon his phone background in real life2026-09-15 22:27
5 creative ways to trick people into eating healthy2026-09-15 22:23
