India’s first State-run T Wallet marks eight years with 16 lakh users

Hyderabad: The Telangana government announced that T Wallet—India’s first state-managed digital wallet—has completed 8 years. The e-wallet has reached 16 lakh registered users and processed over 4 crore transactions since its launch in 2017.

The announcement was made by the Telangana government’s Electronic Service Delivery (ESD) wing under the ITE&C Department, on Thursday, stating that T Wallet continues to drive digital payments across the State.

What is T Wallet and its features?

Introduced during the demonetisation move by the Centre in 2016, the wallet enables a range of services, including IMPS-based real-time bank transfers, utility bill payments, service fee payments and merchant transactions.

T Wallet is integrated with MeeSeva’s 4,500+ centres and 11,000+ Fair Price Shops, ensuring accessibility in remote and rural areas, with options for citizens to use it via mobile app, web or assisted services for those without mobile access.

Launched on June 1, 2017, T Wallet was aimed to be a response to 2016 demonetisation, aiming to promote cashless transactions in Telangana.

Special services for cash transactions

Its flagship Immediate Payment Service (IMPS) feature allows direct bank account transfers, setting it apart from traditional wallets that rely on peer-to-peer transactions or UPI, and offering 24/7 availability for seamless banking integration.

The ITE&C Department emphasised T Wallet’s role in enhancing financial inclusion, particularly in underserved regions, with its growth over eight years underscoring its importance as a State-led digital payment solution for Telangana’s citizens.