Digital Wallets

The payments feature will help users to transact on Facebook Marketplace and make payments through Messenger. Facebook is trying to build a complete payments ecosystem where users can buy, sell and make payments without leaving the app.

Govt. of India has launched a sizzling cashback offer for all BHIM app users - Now, you can get Rs 750 per month as cashback, every month. This cashback offer is applicable to both new and existing users. This could be described as one of…

As part of their Policy Review meetings, Reserve Bank of India has asked all payment firms, payment companies, wallets and any provider of digital payments to store their data locally. They have 6 months to comply with this new rule.

Snapdeal has partnered with multiple banks to offer straight discounts on digital payments through debit and credit cards and digital wallets for all the online purchases over the period of next 12 months. Users will get discounts up to Rs.…

The mobile wallet users of Paytm, MobiKwik, Freecharge, Amazon Pay, PhonePe, OLA Money and others will not be able to use their mobile wallets to transact from now if the KYC is incomplete. As per the new RBI guidelines, the digital wallets…

In case any mobile wallet like Paytm user hasn’t completed the KYC or Know Your Customer process, then the money remaining in the wallet shall be left immobilized. This was as per the strict KYC rules formulated by RBI last year.

In October last year, Reserve Bank of India had issued strict guidelines for digital wallet operators in India and gave them a deadline of year-end to comply with KYC norms for all users. The deadline was later extended until February 28.

WhatsApp, world’s most popular and widely used messenger app with over 200 million daily users in India have rolled out the beta version of their peer to peer payment feature in India and it has the power to change Digital India forever.

Reserve Bank of India has released the data for digital transactions for January 2018 and going by the looks of it, it seems that Digital India is on to a solid start this year. Both in terms of volume and value, digital transactions (which…

Most probably for the 1st time in the history of modern India, the Govt. has stopped minting new coins of Re 1, Rs 2 and Rs 5. Coins have had an important role to play in the overall economy of any country, but it seems that now, the role…