Mobile wallet comes from Corporation Bank
Written by Oliver Laker on April 15, 2011.
Public sector lender, Corporation Bank has introduced the mobile wallet facility which will allow its customers to use their mobile phones for making transactions.
The scheme has been named, ‘ypaycash’ through which any account holder of the bank can make purchases with his mobile phone.
Customers can now avail this service by transferring upto Rs 5000 from their bank account to mobile wallet.
“A special application is installed on the customer’s mobile phone through which a transaction is completed.