To make e-wallets acceptable on a larger scale, e-wallet companies have now started offering virtual prepaid cards on apps for their customers
Last month, the Reserve Bank of India issued e-wallet guidelines, indicating that you will have to face higher compliance standards if you want to continue using e-wallets. As per the guidelines, e-wallets could soon become interoperable too. Currently, you cannot do a transaction between, say, Paytm and Mobikwik e-wallets. Similarly, not all e-wallets are accepted at all merchant outlets and e-commerce sites.