Jun 02, 2017

Telangana launches official e-wallet for digital payments

BYDream Notion

Telangana became the first state in the country to launch an official e-wallet. On Thursday, it launched T-Wallet, the official digital wallet of the state, offering an anytime-anywhere platform for digital payments with no additional charge for the citizens.
This is the first official e-wallet from any state government in India, officials here said.
Using this platform, the citizens not only can make payments to government and private organisations towards various services but also receive the benefits from government like pensions, scholarships and MGNREGS wages.
Unique Identification Authority of India (UIDAI) chairman J Satyanarayana along with Telangana’s information technology minister K T Rama Rao formally launched the T-Wallet here on Thursday.
The digital payment option will be available across formats such as online web browser, smart phone, feature phone and even without a phone.
The Microsoft Accelerator alum startup Transaction Analysts has partnered with Telangana to develop T-Wallet, which uses two-factor authentication, through Aadhaar and biometric or Aadhaar and OTP to an Aadhaar-linked mobile number, for feature and no phone users.
Hyderabad-based Transaction Analysts, a digital payment service startup, aims to achieve financial inclusion and increase user transactions based on Aadhaar, with or without the need for a bank account.
Supporting Telugu, Urdu and English, the wallet is created on the Azure platform and is designed for scalable performance with enhanced security.
Srinivasa Katuri, CEO, Transaction Analysts, said that one can use T-Wallet platform, irrespective of whether he has a bank account or not.
Rama Rao said it was another pioneering step by Telangana, which has been consistently ranked number one in the country in terms of number of e-transactions per thousand population.
He said Telangana was already successful in transparent and accountable delivery of services through its e-Seva and MeeSeva platforms, serving about one lakh to 1.5 lakh citizens daily.
K Ramakrishna Rao, secretary, finance, government of Telangana, said T-Wallet would help bring governance closer to people by providing services in remote areas, where there are no bank branches.

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Dream Notion is a writer of FactorDaily.