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RBI Introduces New Digital PPI for Retails, Grocery Payments

RBI introduces new Prepaid Payment Instrument (PPI) for small retails payment like groceries, local shops etc - Reserve Bank of India (RBI) has launched a new digital payment PPI instrument for digital transactions of small value belong to grocery, local...

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Get Full Refunds If Lost Money on eWallets like PayTm, Phonepe etc

RBI refunds rules for eWallets - Reserve Bank of India (RBI) has set up a new guidelines for unauthorized or fraudulent transactions take place on mobile wallets like Paytm, PhonePe or other Prepaid Payment Instrument (PPI). RBI has introduced rules...

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Google Pay – Now Get a Digital Loan Instantly From Banks in India

Google has re-branded their UPI based payment application 'Tez' to 'Google Pay'. The improved version of Google Pay application will host a new line of features such as pre-approved loans.  Google has teamed up with HDFC Bank, ICICI Bank %,...

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Now You May Transfer Fund Within eWallets

Fund Transfer Between eWallets - Reserve Bank of India (RBI) may soon permit the interoperability within eWallets as like transfer of funds between one eWallet to another i.e. users may transfer funds from PayTm eWallet to PhonePe or vice versa....

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Paytm Money Gets SEBI Node For Selling Mutual Funds

eWallet to Mutual Fund - Paytm gets SEBI node as registered investment advisor for selling of mutual funds in India. Paytm Money – the wholly-owned wealth management arm of financial services platform of Paytm. After getting node from SEBI, Paytm is...

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RBI May Soon Close the Mobile Wallets

Reserve Bank of India (RBI) revised Know your customer guidelines (KYC) may close the digital wallets business in India.Earlier in the month of October, 2017, RBI had given the deadline of 28th Feb 2018 for completion of Full KYC in...

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Why Transfer of Funds Between Mobile eWallets Bad for Banks ?

RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik...

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