SBI Buddy App payment application

SBI jumps into Mobile Wallet space with State Bank Buddy App

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Mobile Wallet is steaming hot in India – Triggered by host of mCommerce sites and payments via mobile, State Bank https://www.sbi.co.in/buddy/ is the latest to join other bank wallet apps such as ICICI Bank’s Pockets http://www.icicibank.com/Personal-Banking/insta-banking/internet-banking/pockets/index.html, HDFC Bank’s PayZapp http://www.hdfcbank.com/personal/making-payments/pay-with-payzapp/payzapp.  PayTM https://paytm.com/, Mobikwik https://www.mobikwik.com/ are entering banking turf as banks are fighting back. This is also a hotly contested investment space with dozens of VCs coming in.

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