Postal department ties up with SBI for cashless transactions

Under the agreement, the postal department will promote 'SBI buddy e-wallet' and POS machines to facilitate digitalisation of cash transactions for cashless transactions.

Chandigarh, April 11: To promote cashless transactions, the Department of Posts has joined hands with the State Bank of India, officials said here on Tuesday.

Under the agreement, the postal department will promote 'SBI buddy e-wallet' and POS machines to facilitate digitalisation of cash transactions for cashless transactions in the post office counters for booking of Speed Post and Registered Post articles.

Chief Postmaster General, Punjab Circle, P.K Swain and Chief General Manager, SBI, Chandigarh, Anil Kishora on Tuesday dedicated the 'SBI buddy e-wallet' and SBI POS Machines at Chandigarh general post office for the general public.

Speaking on the occasion, Swain said the installation of SBI Buddy e-wallet and POS Machines will facilitate economy through digital payments and cashless transactions in post offices.

He said the facility will be further extended to other post offices in Punjab.

IANS