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The mobile payment market is not a game for weak businesses without effective strategies.

Paytm, PhonePe, Google Pay, other mobile wallets to be interoperable from April 2022 Beginning April 2022, a mobile wallet user, who is fully vetted and has fulfilled all KYC norms, will be able to send and receive money from various mobile wallets BusinessToday.In | May 20, 2021 | Updated 11:57 IST The RBI had first issued guidelines for the adoption of interoperability on a voluntary basis for full-KYC PPIs in October 2018 The Reserve Bank of India (RBI) has issued a circular asking all licensed prepaid payment instruments (PPIs) or mobile wallets such as PhonePe, Paytm, Google Pay and Mob...

How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets Online payment frauds aren’t affecting people in rural areas but also their counterparts in urban India. By Jagmeet Singh | Updated: 7 March 2021 11:59 IST Photo Credit: Pexels/ Anete Lusina Online payments frauds are getting more common as transaction volumes grow Highlights Individuals should avoid engaging with strangers Unknown banking and UPI apps shouldn’t be installed Avoiding online payment fraud while using UPI apps or e-wallets is becoming increasingly difficult with the growing vo...

Public and Private Money Can Coexist in the Digital Age — says it all. The blog, written by Tobias Adrian and Tommaso Mancini-Griffoli — both working at IMF’s monetary and capital markets department — says today’s world is characterised by a dual monetary system, involving privately-issued money by banks of all types, telecom companies, or specialised payment providers, built upon a foundation of publicly-issued money by central banks. “While not perfect, this system offers significant advantages, including innovation and product diversity, mostly provided by the private sector,...

E-wallets are gearing up to offer online lucky money services as the Tet (Lunar New Year) holiday approaches amid the third coronavirus outbreak in Vietnam.