The Punjab National Bank (PNB) signs an agreement BSNL to roll out open mobile wallet Speedpay

The Punjab National Bank (PNB) and state-run owned BSNL has signed an agreement to roll out open mobile wallet Speedpay across 10 states in the country. Under the agreement, BSNL will expand Speedpay services in Punjab, Chandigarh(UT), Haryana, Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh, Bihar, West Bengal, Jharkhand and Uttarakhand. PNB’s Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorised retail outlets. Also, Speedway users will be able to operate Internet banking services from the application.