Page 2 - E-wallets

Relief to e-wallets: RBI extends KYC compliance norms by six months

The earlier deadline was February 28

No liability if e-wallet users report fraud within three days, says RBI

A payments expert said this was already a process; only the window of reporting the fraud had been increased

E-wallets preferred most for mobile recharges, utility bill payments: Study

Mobile digital payments have increased rapidly post demonetisation

Wallets on the wane as Unified Payments Interface and regulations take over

This has resulted in a steep fall in PPI transactions and some estimates suggest the business is down almost 50 per cent

In 6 months, you could use one mobile wallet to transfer money to another

RBI has assured of interoperability among mobile wallets,but said all entities would need to have a minimum net worth of Rs 5 crore at the time of application for e-wallet operation

RBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user

Inter-operability to help players increase business

E-wallets on a roll, see 81% Q1 growth in volume of transactions: Report

In the months after demonetisation, average transaction value, however, fell 12% quarter on quarter

Beware! Don't be duped by fake e-wallet apps

Consumers should install security solutions on their phones

Service to Gods goes digital; temples in Kanpur adopt e-wallets for donation

Anandeshwar Temple in Uttar Pradesh has applied for PoS terminals to help devotees donate through debit and credit cards

E-wallets face a big challenger in Unified Payments

As UPI gears up for its launch in June, e-wallet players are worried they won't be able to keep up with its sweeping reach and the ease of use of its technology