Mobile Wallet

The development comes at a time when the digital payment companies such as PhonePe are not accepting Aadhaar for KYC

The process of customer validation is becoming a more difficult exercise since UIDAI has disabled mobile number-based Aadhaar authentication for unlicensed entities

Paytm Payments Bank had reached 100 Mn KYC wallets in April

Payments Via Cards Also Showed Consistent Growth

As Per Industry Estimates, The Fall In The Number Of Wallet Users Has Been Around 80%

The E-wallet Sector Is Expected To Slump In The Wake Of The SC’s KYC Dictum

Earlier This Month, PayU India Made A Similar Announcement To Discontinue Its PayUMoney Wallet

Post Demonetisation, December 2016 Saw The Second Highest Digital Transaction Volume Of 957.5 Mn

As Per RBI Guidelines, Interoperability Within Mobile Wallets Will Be Possible Post Six Months Of Issuance Of Revised Master Directions

Through The BSNL Mobile Wallet Users Can Pay Bills, Recharge Mobiles And Book Tickets

Axis Bank Is Currently Conducting Due Diligence On FreeCharge For The Deal

“A new star is born!” That’s how Paytm founder Vijay Shekhar Sharma…

Ecommerce giant Amazon has invested further in its wallet business. As per…

Ecommerce and payments platform Paytm has finally geared up to roll out…