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Posts Tagged ‘ digital wallets ’

Why govt’s proposed rules for prepaid instruments may hurt e-wallets

Friday, March 10, 2017 | More »

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The government on Wednesday released draft guidelines for digital wallet companies as part of its efforts to promote electronic payments, ensure security of transactions and strengthen grievance redressal for consumers. The draft Information Technology (Security of Prepaid Payment Instruments) Rules...

In U-turn, NPCI tells PhonePe to adhere to UPI norms

Will abundant cash supply spoil the m-wallet party?

Without a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters...

9 February, 2017 | More »

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Will digital wallets survive the UPI onslaught?

In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

6 January, 2017 | More »