State Bank of India has launched 'Mobicash Easy'

State Bank of India has launched 'Mobicash Easy', a mobile wallet in Mumbai and Delhi with service offerings like funds transfer and bill payment among others. The service, which was launched yesterday, will offer services like balance enquiry, mini statement, funds transfer, mobile top-ups, DTH recharge, bill payment among others. 

SBI will soon launch a KYC or Know Your  Customer enabled mobile wallet service with higher transaction limits. The bank said, it will target migrant labourers and youth to use the wallet service.