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Saturday, 26 November 2016

Do you know about State Bank Buddy Wallet

How to use State Bank Buddy Wallet


This is inforamtion about Buddy Wallet I would like to share.

Arundhati Bhattacharya, chairperson, State Bank of India, says, "Mobile is going to be at the centre of the transformation and SBI will help us strengthened our proposition through this medium."

The State Bank of India launched Buddy - a mobile wallet in 13 languages. Simply put, a mobile wallet is a semi-closed prepaid wallet which you can use to transfer money to other wallet users and bank accounts.
you can simply send or ask money from any of your contacts even if they do not have an SBI account.


Transactions which can be done are: Pay Online Postpaid Bills PrePaid Mobile Phone Recharge Hotel Booking Movie Ticket Online at Buddy SBI App. Bus & Flight Booking with awesome deals. DTH - Airtel/ Videocon D2H, Reliance etc.



The wallet has been launched with Accenture as technology partner and MasterCard as service providers. While every second bank seem, to launch some or the other offering these day, here's all you need to know about it.

What it is: 

As a name suggest it's a mobile wallet application which you need to install on your smart phone. To be eligible to download the app, you need to be an Indian national, have a valid mobile number and above the age of 10 years. You can register to the app, via Facebook or Sign up for the app via your mobile number, PIN or password.

Finer details: 

One you have registered on the app, you get option to add money online via your net banking, debit card or IMPS via your mobile number. Keep in mind, since this is a pre-paid wallet, you will need to fund the wallet before using it. You, can be used irrespective of the bank or card you use. You can send money via this app to a registered and new user as well. Buddy allows you to set reminders to settle dues, transfer cash into an account of your choice via this app, to name a few. This wallet can also help you to recharge and pay your bills like DTH connection, electricity and gas instantly. The app allows you to even book movie tickets, flights, hotels as well as shop.

The service is free of cost and you get to view a mini-statement of last transaction you have made on your mobile wallet. You can download the app via Google Play Store and will be soon available via Apple App Store.

How to register:

How to register for SBI Buddy App? Download the app from Apple App store or Google Play store depending on your phone and search for State Bank Buddy by using the keyword "State Bank". You can click on install and download the app.




Customers have two options by which they can register through:

a) Facebook

b) Sign Up with Mobile Number


To sign up, you need to do the following –

1. If you select Facebook Sign Up option, enter your Facebook username and password.

2. If you select sign up option, then you will have to enter mobile number (mandatory) and email (mandatory).

3. After successful validation, you will be displayed the mobile number or you will have to enter the mobile number (for Facebook Connect option).

4. You have to set up PIN for accessing mWallet service.

5.  Simultaneously, you will get a welcome message with One Time Password (OTP) on mobile as SMS and to the email ID, if provided.

6. Enter the OTP, select a Security Question from the dropdown and type your answer as prompted & submit the request. (You will be allowed 3 trials to enter the correct OTP).

7. If OTP is not received by you, then use the 'Resend OTP' link.

Upon successful registration, you will be registered for State Bank Buddy. A success message will be sent on your mobile and/or email. 

How to Transfer amount with Pictures:









How to Send Money to Non SBI customers?


Before sending money to SBI or non-SBI customers from you contact list, one needs to add money in your wallet. Which can be done by net banking, debit card or IMPS. You can select Send Money option in the app and enter the following: Recipient's mobile number (or select from phone or Facebook contacts)  Amount  Description  And submit for sending money to the recipient.  Recipient will have to enter a passcode which will be sent to you, once you have initiated a Send Money request.  You will have to share the passcode separately with the recipient to enable him/her to retrieve the amount.


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