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MOBILE WALLETS KYC
Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- mWallet firms look to RBI for eKYC optionsNasscom wants time till March 2020 and easy access to Aadhaar for wallet companies.
- Mobile wallets search for new ways to ease KYC painThe cost of KYC for each customer can be as high as Rs 250, since an agent has to physically reach out to the customer.
- Retain minimum KYC rule: PaytmPayments company wants to retain these wallets even after Aug 31 when RBI’s new norm kicks in.
- Mobile wallets get 6 months to find a digital KYC routeWith the RBI saying on Monday that the extension could be used for putting in place alternative systems of completing the KYC process, the ...
- Most e-wallets may get invalid by FebWallets saw exponential growth in the immediate post demonetisation period, but the growth has slowed over time, with de-growth in the last...
- RBI KYC deadline may punch a hole in wallet companies plansRBI KYC: Over 95% of mobile wallet firms in country could stop being operational by March.
- RBI tracks KYC status of users of mobile walletsWhile a full-KYC requires physical verification or a biometric check, minimum-KYC can be done via a mobile handset using a one-time passwor...
- Paytm Bank claims 100m e-Verified accounts; says everything falling into placeThis development comes even as there have been indications in the digital payments industry of a sharp fall in mobile-wallet users as custo...
- Mobile wallets sag as KYC norms chase users awayAmazon India, which routes a large chunk of refunds and incentivises e-commerce transactions through its Amazon Pay wallet has seen a sharp...
- No Paytm top-ups for non-KYC usersPaytm was circumventing the revised wallet norms by issuing gift vouchers instead of cash top-ups for non-KYC wallets.
- Customers threaten to dump e-wallets as KYC norms kick inIndustry executives estimate that at least 8 out of every 10 customers using mobile wallets in the country have not completed KYC requireme...
- Your Paytm, Mobikwik wallet may not work from today as KYC norms kick inThe RBI said clearly that every payment instrument will have to abide by the KYC norms as they are also part of the extended banking ecosys...
- eWallets hold breath as RBI looks into KYC deadlineThough PPI issuers and wallet cos are pushing users to link their Aadhaar numbers, cos feel that it’s a Herculean task to complete it within
- Total mobile wallet transactions in India to reach Rs 800 billion this year, says GlobalDataAccording to GlobalData, total mobile wallet transactions in India may show a growth of 113%
- Mobile wallets will become strong players: Paytm official"This will further strengthen the value proposition of mobile wallets and make them stronger players in the financial ecosystem," Satti sai...
- Paytm plans to hire 10,000 more agents to complete KYC normsThe payments company has set an ambitious target of reaching 500 million full-KYC customers in three years.
- New RBI plan could bring bad news for m-wallets like Paytm and MobikwikFull KYC even for small-ticket transactions will be a big deterrent to use of these m-wallets, as it will increase customer acquisition cos...
- RBI to raise spending limit on e-walletsThe Reserve Bank will raise the spending limit on e-wallets, which are fast becoming the preferred mode of payment for utility bills and on...
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