One of India’s leading technology based developed state Telangana has launched country’s first official state e-wallet called T-wallet.
The newly launched e-wallet offers any digital payments with in the state with no additional charge for the citizens.
The Microsoft Accelerator alum startup Transaction Analysts has partnered with Telangana to develop T-Wallet which uses two factor authentications, through Aadhaar+Biometric or Aadhaar+OTP to Aadhaar linked mobile number, for feature and no phone users.
Using this platform, 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.
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 Azure platform and 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.