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According to the new RBI guidelines, Now there is no need for full KYC in E-wallets like Paytm, PhonePe and, Amazon Pay etc if your transactions are upto ₹10,000 per month.

No need for full KYC in E-wallets for transactions upto 10k per month

Several times while doing a bank transaction, users find that the amount is debited from their account, but is not credited to the receiver's account.&nbsp;

Wow! Now, you will get Rs 100 for every failed online bank, ATM transactions 

E-wallet companies were caught in a bind over looming deadline as companies were apprehensive that they will not be able to meet the central bank's deadline to complete KYC of all customers by February-end.

Relief to e-wallets: RBI extends KYC compliance norms by 6 months

A majority of transactions on e-wallets in the country are used for mobile recharges and paying utility bills, a study by market research firm Velocity MR has said. 
&nbsp;

How India uses e-wallets revealed! This is what most prefer

E-wallets allow you to operate multiple accounts at the same time. It also reduces the cost of doing banking transactions. It is faster and more streamlined user experience.E-wallets allow you to operate multiple accounts at the same time. It also reduces the cost of doing banking transactions. It is faster and more streamlined user experience.

E-wallets: Here's what you need to know

Airtel Payments Bank will now get access to over 10 crore Hike users who will then be able to use its payments banking facilities.

Hike Messenger piggybacks Airtel to boost its payments bank business

PayPal starts payment services in India

Last month, exporters mentioned that&nbsp;an estimated Rs 65,000 crore is locked up in GST refunds. Jaitley plans to implement an e-wallet platform for exporters to make things easier.&nbsp;

Exporters may get e-wallet for refunds by April 2018: GST council

Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.

Online banking services: E-wallets vs Internet banking; which one should be in your smartphone

Paytm aims to sell gold worth $200 million this year

CCI has approved stake acquisition by SoftBank in Paytm's parent company - One97 Communications. 
&nbsp;

CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications

Paytm Payments Bank has received RBI approval to run its banking operations from May 23. The bank will be converting customers' e-wallets to bank accounts.

Paytm Payments Bank to begin operations from May 23

As per the Reserve Bank of India data, the digital transactions in the month of April stood at Rs 10,960.22 crore as against Rs 14958.91 crore in March and Rs 10,405.53 crore in December.&nbsp;

Keep these six points in mind for safety of your online bank accounts

How Paytm aims to capture millions of brick and mortar store customers 

India's state sponsored&nbsp;e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.&nbsp;

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Demonetisation boosts Paytm’s user base by 23-million; crosses 200-million wallet users

The Committee of Chief Ministers on Digital Payments led by Chief Minister of Andhra Pradesh Chandrababu Naidu submitted their interim report to Prime Minister Narendra Modi on Tuesday January 24, 2017.&nbsp;

Tax cash transactions, Committee tells Govt; Finance Ministry says no final view yet

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e-wallets

According to the new RBI guidelines, Now there is no need for full KYC in E-wallets like Paytm, PhonePe and, Amazon Pay etc if your transactions are upto ₹10,000 per month.

Several times while doing a bank transaction, users find that the amount is debited from their account, but is not credited to the receiver's account. 

E-wallet companies were caught in a bind over looming deadline as companies were apprehensive that they will not be able to meet the central bank's deadline to complete KYC of all customers by February-end.

A majority of transactions on e-wallets in the country are used for mobile recharges and paying utility bills, a study by market research firm Velocity MR has said.
 

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e-wallets News- Zee Business provides latest news on e-wallets, e-wallets news Today, Top News on e-wallets, update on e-wallets Stay updated with business news, breaking news headlines.

E-wallets

Paykassma and Bkash partner to make international payments easier

No need for full KYC in E-wallets for transactions upto 10k per month

Wow! Now, you will get Rs 100 for every failed online bank, ATM transactions

Relief to e-wallets: RBI extends KYC compliance norms by 6 months

How India uses e-wallets revealed! This is what most prefer

E-wallets: Here's what you need to know

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Disclosure guidelines, conflict of interest definition, other key takeaways in high-level panel's report to SEBI

Retail inflation hits record low of 0.25% in October as food prices ease

Operation Bullion Blaze: DRI busts major gold-smuggling syndicate in Mumbai; 11.88 kg gold seized

WhatsApp Update: Spotify users can now share their favourite songs on status; step-by-step guide

Delhi Red Fort Blast: PM Modi visits LNJP Hospital, meets injured, vows justice

Physical or digital gold? 5 key factors to help you make right investment choice