Mobile Wallet News

News

How mobile wallets fend off economic shocks

Households as well as companies can mitigate economic risks better by adopting mobile-based transactions, a new study finds

1 min read10 Aug 2020
Money

Growth rates will continue to be 25-30% in digital payments space for a long time

Jitendra Gupta, founder of Citrus Pay and managing director of PayU India, talks about the evolution of the space and what lies ahead

5 min read15 Jan 2019
Industry

Mobile wallet transactions decline in November: RBI

347.32 million mobile wallet transactions worth 16,108 crore took place in November, against 368.45 million transactions amounting to 18,786 crore in October, RBI data shows

2 min read8 Jan 2019
Home-page

Mobile wallet transactions hit new peak in October: RBI

Around 368.45 million transactions worth ₹18,786 crore recorded in October, against 324.16 million transactions amounting to ₹15,102 crore in September

2 min read6 Dec 2018
Money

Use single e-wallet account for all your digital payments soon

Transfer of money from one e-wallet to another is just one feature that the central bank’s interoperability guidelines for prepaid payment instruments like e-wallets will enable

5 min read24 Oct 2018
Industry

How will RBI’s move affect wallet-to-wallet transfer?

No timeline has been set for implementation of guidelines to be enabled in 3 phases

2 min read24 Oct 2018
Industry

Why India lags peers in digital payments

The recent Supreme Court ruling on Aadhaar and the lack of infrastructure, such as point-of-sale terminals, may stall the growth of digital payments

2 min read23 Oct 2018
Industry

New RBI norms put mobile wallets on par with payments banks

RBI interoperability rules will allow mobile wallets to issue UPI handles and cards, making them quasi-banks much to dismay of payments banks

2 min read19 Oct 2018
Companies

What RBI norms on PPIs mean for e-wallets, users

If a merchant has signed up for one wallet with full KYC (know your customer), he needn't sign up for others: he will receive payments from any wallet.

2 min read18 Oct 2018
Money

Now transfer money between mobile wallets using UPI

The Reserve Bank of India has issued final guidelines to allow interoperability for prepaid payment instruments, such as mobile wallets

2 min read17 Oct 2018
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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