Rajasthan aBhamashah Wallet – In India, Yes Bank, the fourth largest private sector bank, has partnered with Rajasthan Government to launch Rajasthan Bhamashah Payment Wallet. This Wallet is a simple and instant payment digital wallet solution for Rajasthan.
Rajasthan Bhamashah Wallet
The Hon’ble Chief Minister of Rajasthan Smt. Vasundhara Raje has launched the online payment application of Rajasthan Government- Bhamashah Wallet. Wallet services have been launched under the Bhamashah Yojana of Rajasthan Government. Under the scheme, financial and other types of benefits received through government schemes are transferred transparently in the account of women beneficiaries directly.
Through the Bhamashah wallet, the government will now be able to transfer direct subsidy and other assistance amount in the digital wallet provided to the beneficiaries.
Yes Bank MD and CEO Rana Kapoor said, “YES Bank is experiencing the pleasure of partnering with the Rajasthan government in launching digital payment services for the people. Through this facility, the distribution of government funding will be easily done and people living in remote areas will be able to avail the benefits of government financial services. YES Bank is fully committed to developing low-cost solutions based on new technology and to pursue Digital India’s campaign. ”
Akhil Arora, principal secretary, Rajasthan government’s IT department said, “Rajasthan has become the largest financial inclusion and DBT model in the country. We have stepped up with Bamashah wallet and now we are making all the citizens of the state free of all financial services, benefits transfer and wallet benefits available. ”
These services will be used safely on the basis of single identities such as name, QR code or mobile number. In addition to being associated with State Direct Benefit Transfer (DBT) scheme, the purpose of Wallet is to make payments from person to person at a quick pace through Wallet-to-Wallet and Wallet-to-bank transactions.