SBI to become first bank to offer wallet services for feature phone users
Q. Which lender will become the first bank to offer wallet services for feature phone users in India?- Published on 16 Nov 15a. PNB
b. Canara Bank
c. SBI
d. HDFC
ANSWER: SBI
The largest lender in the nation SBI has become the first bank to offer wallet services for feature phone users. The mobile wallet Batua will be launched by SBI in December and will be available for non SBI customers as well. The app can be loaded on the phone. SBI has an annual IT budget of INR 3,000 crore, a 20 percent market share, a customer base of 28.6 crore, from which 2.3 crore are net banking customers and 1.2 crore are mobile banking customers.
