Oct 21, 2016
More and more Indians are preferring to make cashless transactions, be it through debit or credit cards, Internet banking or Prepaid Payment Instruments (PPIs) such as mobile wallets. Data available with the Reserve Bank of India (RBI) show that the number of transactions through PPIs such as Paytm, FreeCharge and MobiKwik has risen to 748 million in 2015-16, an increase of 11 times in three...Proceed to the page: http://linkis.com/N0o71
The Reserve Bank of India said that it will be reviewing guidelines for prepaid payment instruments (like mobile wallets and prepaid cash cards) in India. The review will be finished by December 31st 2016 (this year), and for the time being, the RBI has suspended the processing of fresh applicat
The launch of Unified Payments Interface will only ensure that mobile wallet operators such as Paytm, MobiKwik and FreeCharge to up their ante. This in turn will give users more options and provide a fillip to India's cashless economy...
Are debit and credit cards next to go? And after that, wallets and purses?
Payment services provider Net1 UEPS Technologies Inc will invest up to $40 million in Indian mobile wallet services provider MobiKwik over the next 24 months, the companies said in a joint statement on Friday.
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