Hyderabad: Telangana is all set to become the first state in the country to introduce its own e-wallet named ‘T-Wallet’ to push for cashless transactions.
Chief Minister K Chandrashekhar Rao will launch the logo of government's mobile app for digital financial transactions during the Collectors’ conference on December 14.
Telangana's IT Minister KT Rama Rao held a review meeting with I-T Department officials regarding the development of T-Wallet mobile application and instructed them to give utmost priority to data security and user privacy issues in the application.
The minister also said that T-Wallet will be a full-fledged mobile payment system of Telangana government and not mere an aggregator of payment apps.
The app would be available for computer, laptop, tablet, smart phone, and also users without a phone too.
On December 7, Andhra Pradesh Chief Minister N Chandrababu Naidu also launched ‘AP Purse’, a mobile application that encourages cashless transactions. AP Purse has 13 mobile banking and 10 mobile wallets that could be used to pay the bills.
Chandrababu Naidu had said, ‘Cashless transactions are the need of the hour to tide over the currency crunch. The government will pay incentives to the agents who train the people in digital financial literacy. Engineering students would be encouraged to train people.’