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Posts Tagged ‘ mobile 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...

IDG, Accion to invest more in CreditMantri

Fin-tech sees sharp funding slowdown, but there’s a silver lining: KPMG

Venture capital (VC) investments in India’s fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year’s $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday. “This decrease high...

22 February, 2017 | More »

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Govt drafting policy for e-wallets, m-banking to mitigate cyber fraud risk

The Ministry of Electronics and Information Technology (MeitY) is drafting a policy on mobile wallets and mobile banking to mitigate the risk of cyber fraud. Besides, to instil confidence among those who conduct digital transactions, the government is also considering insurance protection against cy...

7 February, 2017 | More »

E-wallets

E-wallets may soon have to insure customers’ money

The government is looking to introduce insurance for transactions done through e-wallets, and it has held three meetings with insurers and mobile wallet companies in this regard, a media report said on Monday. Through new regulations, the government hopes to make it mandatory for mobile wallets to i...

30 January, 2017 | More »

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MobiKwik names former CRISIL exec Bikram Bir Singh as business head

Digital wallet firm MobiKwik has appointed former CRISIL executive Bikram Bir Singh as business head, it said in a statement. Singh will be heading government, corporate, travel and biller verticals at MobiKwik. He will focus on accelerating MobiKwik’s growth in various geographies. He will also d...

27 January, 2017 | More »

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Oxigen partners with eBay for assisted retail

Payment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press statement. This association will help Oxigen Services customers access over 100 million product listings on www.ebay.in. Under this association, Oxigen brings a unique O2O so...

22 November, 2016 | More »

Govind Rajan

We’ll focus on being a mobile payments firm, says FreeCharge’s Rajan

FreeCharge, the digital payments platform of Snapdeal, is increasingly playing an important role in the e-commerce company’s overall business strategy with both the entities cross-selling on each other’s platform. According to a Nielsen report, FreeCharge holds the second position– after P...

30 May, 2016 | More »