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PNB, BSNL Join Hands for Mobile Wallet Speedpay

Published on September 11, 2017
Punjab National Bank and BSNL has joined hands to roll out open mobile wallet Speedpay.
The mobile wallet will be introduced across 10 states in the country.

About Speedway

  • It Speedway wallet can be used for paying bills, recharging phone etc.
  • Its users will be able to deposit and withdraw money from authorized retail outlets.
  • Speedway will allow users to operate Internet banking services from the application
  • BSNL will expand Speedpay services in Punjab, Chandigarh(UT), Haryana, Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh, Bihar, West Bengal, Jharkhand and Uttarakhand.

About Punjab National Bank

  • The bank was founded in 1894. 
  • Its headquarter is located in New Delhi
  • Sunil Mehta is the CEO of Punjab National Bank.
  • It was registered on 19 May 1894 under the Indian Companies Act, with its office in Anarkali Bazaar, Lahore, in present-day Pakistan. 
  • The bank opened for business on 12 April 1895 in Lahore.
  •  first Indian bank to have been started solely with Indian capital that has survived to the present.
  •  PNB's founders included Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Kali Prosanna Roy, EC Jessawala, Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass.
  • Lala Lajpat Rai was actively associated with the management of the Bank in its early years
  • PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee

About BSNL

  • Bharat Sanchar Nigam Limited (abbreviated BSNL) is an Indian state-owned telecommunications company headquartered in New Delhi. 
  • It was founded on 15 September 2000
  • It is the largest provider of fixed telephony and broadband services 
  • It has footprints throughout India, except for Mumbai and New Delhi, where telecommunicatons are managed by Mahanagar Telephone Nigam
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