Telangana collaborates with Hyderabad based startup Transaction Analysts to develop T-Wallet

The Telangana government has laucnhed the official e-wallet of the state, names as the T-Wallet. With this move, Hyderabad, Telangana became the first state in the country to launch official e-wallet.

The T-wallet offers anytime anywhere platform for digital payments with no additional charge for the citizens. The digital payment option will be available across formats such as online web browser, smart phone, feature phone and even without a phone.

The wallet can be accessed for both government and private transactions in the state. It will also help the departments to ease off transactions in government-related programmes like pensions, scholarships and more.

The T-wallet was formally lauched by J. Satyanarayana, Chairman, Unique Identification Authority of India (UIDAI), along with Telangana's Information Technology Minister K.T. Rama Rao.

The Microsoft Accelerator alum startup, Transaction Analysts has partnered with Telangana to develop T-Wallet which uses two factor authentications, through Aadhaar+Biometric or Aadhaar+OTP to Aadhaar linked mobile number, for feature and no phone users.

Hyderabad based Transaction Analysts, a digital payment service startup, aims to achieve financial inclusion and increase user transactions based on Aadhaar, with or without the need for a bank account.

The wallet supports Telugu, Urdu and English and created on Azure platform and designed for scalable performance with enhanced security.

Srinivasa Katuri, CEO, Transaction Analysts, said, "One can use T-Wallet platform, irrespective of whether he has a bank account or not."

K.T. Rama Rao, Information Technology Minister, Telangana, said, "It was another pioneering step by Telangana, which has been consistently ranked number one in the country in terms of number of e-transactions per thousand population.

He said, "Telangana was already successful in transparent and accountable delivery of services through its e-Seva and MeeSeva platforms, serving about one lakh to 1.5 lakh citizens daily."

K. Ramakrishna Rao, Secretary, Finance, Government of Telangana, said, "T-Wallet would help bring governance closer to people by providing services in remote areas, where there are no bank branches.