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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...- From remittance to e-commerce: How e-wallets changed the way Indians transactOn February 28, that Rs 12,000-crore digital wallets industry got stranded unable to meet a Reserve Bank of India deadline for collecting i...
- Wallet companies count resources to become KYC compliantDigital payment companies are looking to hire hands and set aside funds to meet the RBI-mandated full KYC norms for prepaid payment instrum...
- Interoperability between wallets back in limelightTaking to twitter, Paytm CEO Vijay Shekhar Sharma said that e-wallets offered interoperability, even as he got trolled for the same claim.
- MobiKwik users can soon pay utility bills through walletOther players who have received in-principle approval for a BBPS licence include Paytm, Oxigen Services, BillDesk, and PayU.
- Digital payments soar by up to 300 per cent after demonetisationThe wallet companies expect growth to remain strong. “Of the estimated annual personal consumer consumption of $1.3 trillion in India, 90-9...
- Demonetisation: Claims of business gains for digital payment firms may not be trueWhile online wallet companies including Paytm are declaring massive growth in business post demonetisation, provisional data shared by RBI ...
- Mobile wallet companies Paytm, MobiKwik and Oxigen diversifying to combat UPI threatPayU’s global CEO Laurent le Moal recently said he believed that UPI will eradicate the need for mobile wallets, which requires consumers t...
- Freecharge partners with Ezetap to enable wallet users to make offline paymentsThe move is expected to help Freecharge to accomplish seven million transactions a day on its platform by the end of 2016.
- How wallet companies like Paytm, MobiKwik, Oxigen Wallet are trying to prevent fraudulent mobile transactionsFraudulent transactions through mobile wallets are estimated at about 1% of the market at present and experts expect them to rise to more t...
- Oxigen Wallet launches mobile virtual cards powered by VisaOxigen Wallet has launched mobile virtual cards powered by Visa that will allow users who do not have debit or credit cards to make transac...
- Small towns lead in mobile payment app usageWih the proliferation of mobile payment apps, the Indian smartphone user has increasingly begun to go cashless and many using these apps ar...
- Payment cos like Mobiwik, ItzCash among applicants for Bharat Bill Payment SystemMobikwik and ItzCash are among the digital payment cos that lost out in the race for payment banks but are gung-ho about the utility bill p...
- Big promoters like Biyani, Videocon d2h, lose out on payments bank licence in first roundRBI granted 'in-principle' approval to 11 entities, including Reliance , Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks.
- Airtel acquires YTS Solutions to boost wallet servicesBharti Airtel has acquired financial solutions firm YTS Solutions and announced appointment of the Manish Khera as CEO of Airtel M Commerce...
- Paytm asks RBI to raise cash limit for mobile wallets to Rs 25k from Rs 10kIn major metros and large cities, where cost of living and mobile penetration are high, customers are crossing the Rs 10,000 limit set by t...
- 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...
- E-payment companies like Paytm, Mobikwik, Itzcash & others exploring niche banking space“The opportunity is significant but at the same time there are regulatory considerations that we will have to match up,” said Satyen V Koth...
- Oxigen Services India in talks to raise Rs 1,230 croreOxigen, which launched its mobile wallet in August, claims to cater to more than 3 million users, and sees daily transactions of about Rs 1...
- Lack of awareness, bank deposit fee hinder mWallet India growthEven with over 900 million subscribers, India is yet to see strong demand for electronic account services that allow consumers to transfer ...
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