 "payment wallet, e-wallet")
Payment wallets such as Paytm and Mobikwik may have benefited due to the government's demonetisation drive but HDFC Bank Chairman Aditya Puri feels these are not viable business options.
“Payment wallet is not viable in the long term. For a wallet to be operational you have to transfer money from your bank to the wallet. I think wallets have no future. There is not enough margin in the payment business for the wallets to have a future," Puri, said at the annual Nasscom India Leadership Forum (NILF) in Mumbai.
He also asked as to why anyone would need wallets that
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