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Friday, 2 June 2017

Telangana launches T-Wallet for people with and without mobile phones


The Telangana Government has launched a digital wallet, named T-Wallet, which doesn’t charge transaction fee from consumers. The government is planning to use the wallet which is available in Google Play, for remittances under job guarantee scheme MNREGA and scholarships for students.
T-Wallet is bi-directional in nature. While consumers use it for public and private transactions, the government can use it to make payments to various beneficiaries. It also can be used over the web version. One can top up the wallet using credit or debit cards, Internet banking or through cash at Mee Seva centres. It allows a maximum transaction of Rs1 lakh for e-KYC (know your customer) users. For non-KYC users, the limit is set to Rs20,000.

Static Takeaways for SBI PO Mains Exams-
  • Telangana was formed on 2 June 2014 and its CM is Sri K.Chandrashekar Rao
  • Governor of Telangana is Sri ESL Narasimhan.
Source- The Hindu

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