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Postal department, SBI join hands to promote cashless transactions

CHANDIGARH: Department of Posts has joined hands with State Bank of IndiaBSE 1.63 % to promote 'SBI buddy e-wallet' and POS machines for cashless transactions at post office counters while booking speed post and registered post items. 

PK Swain, Chief Postmaster General, Punjab Circle and Anil Kishora, Chief General Manager, SBI, Chandigarh today dedicated SBI buddy e-wallet and SBI POS machines at Chandigarh General Post Office for the general public, an official release said here. 

Swain said that installation of SBI Buddy e-wallet and POS machines will facilitate economy through digital payments/cashless transactions in the post offices. 

He also informed that SBI buddy e-wallet and SBI POS machines facility will be further extended to other post offices in Punjab. 

Swain said that India Post is not only a partner in the nation's growth but also a partner in the nation's vision of a "cashless India". 

Source: Economictimes