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SEMI CLOSED WALLET
RBI’s strict KYC rules may empty digital walletsThe total number of customers who have submitted their KYC details is in ‘low single-digit’ percentage, according to industry executives.- MobiKwik creates wallet for BSNLThe BSNL wallet will be a semi-closed wallet to facilitate ease of payment and also to sell BSNL products exclusively in the wallet.
- M-wallet market may reach Rs 30,000 cr by FY22: StudyM-wallet market is segmented into three broad services -- money transfers from wallet to wallet, bank to wallet and vice versa which accoun...
- Intex partners with Tata's mRUPEE for mobile wallet serviceAs part of its tie-up, Intex will also launch a white labelled retailer portal, wherein Intex retailers will be able to offer retail-assist...
- Yeldi gets semi closed wallet licence from RBIA semi-closed wallet is a payment instrument that is accepted by a predefined set of merchants that have been contracted specifically by th...
- Transcorp gets in-principle nod from RBI to launch PPI serviceMoney transfer firm Transcorp International Ltd today said it has received in-principle approval from the RBI.
- Amazon applies for e-wallet licence, takes on Paytm, Flipkart MoneyAmazon plans to launch the digital wallet by mid-year but much will depend on RBI’s nod, a person who familiar with the matter said
- 5 smart things to know about semi-closed e-walletsSemi-closed e-wallets are used to make online payments for goods and services at select merchant locations.
- Snapdeal-owned Freecharge takes on Flipkart, Paytm with new digital walletSnapdeal-owned online recharge payments platform Freecharge has launched a digital wallet, taking on rivals Paytm and Flipkart in the mobil...
- Uber plans own mobile payment wallet in IndiaAt present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter'...
- Vodafone says policy shortcomings, lack of awareness derailing mobile money growthWorld's second-largest telco Vodafone that has been running m-pesa services since April 2013 in India.
- Wallet companies take reward route to ensure loyaltyCompanies such as Mobikwik, Oxigen, Citrus and Paytm are seeking to make merchants buy into the idea of tying up customer loyalty programme...
- Cab startups like Olacabs, TaxiForSure, Uber, eye mobile wallets for growthThe mobile wallet also does away with the possibility of arguments over getting the balance amount back from the cab driver.
- Paytm allows digital wallet users to transfer money between themPaytm has added a facility to its digital wallet that allows users to transfer money between them, and integrated its wallet with MakeMyTri...
- Uber in talks with firms to integrate digital wallet in IndiaUber is in talks with firms providing digital wallets and payment gateways in India as it looks to become compliant with local regulations.
- Bharti Airtel launches mobile wallet service in Delhi NCRBharti Airtel launches mobile wallet service in Delhi NCR, after pilots in Gurgaon and Chennai
- RBI raises m-wallet limit to Rs 50,000The central bank has also decided to treat semi-closed mobile wallet on par with the other semi-closed prepaid instruments.
- Semi-closed mobile wallets promise to ease cashless paymentsThe recent launch of semi-closed mobile wallets promise to ease cashless payments and open up new business opportunities.
- Now, pay for groceries, bills through AirtelBharti Airtel on Monday launched its 'airtel money' service, which will allow its subscribers to pay for groceries, bills and other dues th...
- Soon, Airtel users can shop up to Rs 5000 via mobilesAll leading mobile phone companies are also slated to get the 'semi-closed wallet' licence from RBI over the next couple of months.
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