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CLOSED LOOP WALLETS
Your car has an air recirculation button, and you might be using it all wrongThe car's air recirculation button conserves fuel and improves air quality by recycling cabin air instead of drawing in hot outside air. Th...- RBI reviews e-wallets of EV players after BluSmart goes bustIndia's central bank is reviewing digital wallets linked to electric-vehicle companies after BluSmart's collapse left users stranded with i...
- EU antitrust regulators accept Apple's offer to open up mobile payments systemApple said its offer would give European developers an option to enable tap-and-go payments for car keys, closed loop transit, corporate ba...
- UPI rule change: Soon use money in PhonePe, Amazon Pay, any wallet to pay via Paytm, other UPI apps; check RBI new ruleUPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offe...
- NPCI chief says basic UPI services will remain freeThe basic services of UPI will continue to remain free. Work is on with the government for incentives," he told reporters. "But the value-a...
- Crypto trade among bourses may be bannedThe legislation would also give New Delhi powers to monitor an exchange’s ledger for foreign exchange transfers.
- Flipkart allows PhonePe rival Paytm at checkoutBoth platforms have had their share of taking digs at each other in public, with the most recent one being the Yes Bank moratorium scare in...
- Highways ministry urges RBI to exempt FASTags from KYC normCurrently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual...
- Soon, pay from one e-wallet to anotherThe RBI, however, has incorporated a rider that the facility will be allowed only for KYC compliant users, which is a small proportion of t...
- Amazon has licence to fight rivals on wallet turfThe Reserve Bank of India has issued the licence, effective as on March 22, in the name of Amazon Online Distribution Services.
- WhatsApp all set to launch P2P payment services in India?What is important to note is the fact that WhatsApp has decided to go the UPI way for its payment system and not the more popular Digital W...
- What will happen if wallets are made interoperable?Interoperability in the space of digital wallets was not allowed by the RBI. The latest buzz is that it could be opened up within a short p...
- US payments firm ACI wants a piece of action in IndiaCompany in partnership with AGS Transact to roll out cloud tech platform.
- India could develop a digital payment system that others will envy, says a US-based payments tech firm chiefWith the recent push, a shift from cash to digital currency could also give a boost to the country’s economic growth.
- Flipkart wants to load PhonePe in 12 million mobilesInitially, PhonePe will offer fund transfer, bill-splitting, mobile recharge and utility bill payment services.
- Amazon India planning launch of digital wallet in a bid to build online payments businessAmazon’s largest domestic rival Flipkart launched its digital wallet last week as online payments increasingly become pivotal.
- mRUPEE, Ratnakar Bank launch PaySmart VISA-powered prepaid cardTata group company MMP Mobi Wallet Payment Systems Wednesday launched a new open loop, VISA-powered prepaid card in partnership with Ratnak...
- Offline merchants may soon have mobile payments option; startup Ruplee focuses on restaurant sectorRuplee does not charge any commission, and instead plans on offering analytics services and marketing campaigns to its client restaurants.
- 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...
- Your money is safe, says Uber's pay partner PaytmUber faces uncertain times ahead with the New Delhi govt banning their services following the heinous rape of a 25-year-old woman by one of...
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