Bharat Sanchar Nigam and State Bank of India are partnering to launch a countrywide online wallet called SpeedPay. According to Anupam Shrivastava, CMD, BSNL, who has been quoted in news reports, BSNL and SBI will approach their respective nodal ministries to enable the use of the wallet to disburse subsidies under the Direct Benefit Transfer (DBT) scheme. He said BSNL is in the process of discussions with SBI and all the tests are over and in about a fortnight or a month, BSNL will be launching the wallet service, which will be available countrywide. He said the aim is to have an all India wallet, which is going to make a significant difference. SBI and BSNL are everywhere, nothing can beat that particular combination, he added. In 2015, BSNL had launched a wallet in partnership with Andhra Bank, but it had a limited spread, covering the two states of Andhra Pradesh and Telangana.
