BSNL is in the process of signing agreement with Andhra Bank and M/s Pyro for the Implementation of Mobile Wallet / Prepaid-card services. BSNL will be launching BSNL-Andhra Bank co-branded Mobile Wallet / Prepaid Card named – ‘SpeedPay Prepaid Card’ for it’s customers across India.
BSNL SpeedPay Prepaid Card is an Integrated first mile to last mile financial solution. This card provides online payments / transactions also which is currently not available with other prepaid cash services like Airtel Money, Vodafone mpesa, Idea Money etc.
As per the latest information from reliable sources, BSNL Subscribers will be issued co-branded Prepaid card linked to their mobile numbers. BSNL Retailers will act as Bank Correspondents and they will assist customers with account opening, cash-in, cash-out and other payment related services. Customers can access their SpeedPay account using USSD, Mobile Applications & Web Portal.
Prepaid Instruments currently in India and their limitations are summarized below: 
Mobile Operator based Prepaid Wallet services currently in India and their limitations are summarized below:
To Overcome these Challenges BSNL in association with Andhra Bank Present SpeedPay Prepaid Card.
The salient features of BSNL SpeedPay Prepaid Card are: 
- Send money from your bank account to prepaid account & vice versa
- Deposit cash
- Pay bills, pay for goods and services
- Receive money
- Withdraw cash
- Send money to Friends and family
- Top up yours or someone else airtime/DTH account
- Use prepaid card for online transactions
- Works on Any Device, Any Payment Method & Any Channel
- 16 digit prepaid card account to every BSNL Retailers & Subscribers
- Cash In/Cash out via BSNL retailer
- Transfer of money to and fro from Bank A/c to Prepaid Card A/c
- Payment for all partner service providers at one place
- Airtime Recharge
- Retail Payments
- Bill Payments
- Payments through USSD, Mobile App and Web Portal
- Payments to merchants
- P2P transfers
- Card less ATM withdrawal
Transaction Limits and different variants of BSNL SpeedPay Prepaid Card
Services offered by SpeedPay Prepaid Card are:
1.Utility Bill Payment
- B.E.S.T. Undertaking, Mumbai
- Reliance Energy Ltd, Mumbai
- Mahanagar Gas Ltd, Mumbai
- Torrent Power AEC Limited
- BESCOM (KPTCL, Bangalore)
- C.E.S.C., Calcutta
- Maharashtra State Electricity Board
- APCPDCL, Hyderabad
- BSES, Rajdhani Power Ltd..
- Tata Power
- UPCL EBPP
- GE-SBI
- American Express Cards
- ICICI Bank Credit Cards
2.Broadband & Others
- Tikona
- Hathway Cable & Datacom Pvt. Ltd.
- Dishnet DSL
- India Today3
3.Ticket Purchases
- IRCTC (Railways)
- Red Bus
- Abhi Bus
- Movie Tickets (Coming Soon)
4.Insurance
- ING Vysya Life Insurance Company Pvt.Ltd
- Max New York Life Insurance Co.Ltd
- ICICI Prudential Life Insurance Co. Ltd
- Birla Sunlife
- Life Insurance Corporation Of India
- Bajaj Allianz Life Insurance
- HDFC Standard Life
- Metlife India Insurance Company Limited
- Reliance Life Insurance
- Canara HSBC OBC Life Insurance
- Future Generali India Life Ins Co Ltd
5.Mobile Services
Postpaid
- Airtel
- Idea
- Reliance
- Tata
Prepaid
- All Operators
6.DTH Payments
- Airtel Digital
- Reliance Digital
- Dish TV
- TATA Sky
- Videocon DTH
- Sun Direct
7.Retail Payments
- Pay At Retail Outlets By Phone
- Pay At Restaurants
Mobile Money offers the following opportunities – Higher transaction velocity, Greater convenience, Quick access to financial data and services, Advanced functionality, real-time alerts, etc., Financial inclusion, Cell phone as a mini bank account, Access to financial services, Pay bills, purchase goods, transfer money etc.
The new initiative of BSNL in association with Andhra Bank is really exciting and it provides prepaid card services which can be used for online payments and online transactions also. Please share your views and opinions regarding this new service by BSNL via comments.
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