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No need for full KYC in E-wallets for transactions upto 10k per month
Fri, Dec 27, 2019
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.
Wow! Now, you will get Rs 100 for every failed online bank, ATM transactions
Sun, Sep 22, 2019
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.
Relief to e-wallets: RBI extends KYC compliance norms by 6 months
Mon, Feb 25, 2019
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.
How India uses e-wallets revealed! This is what most prefer
Fri, Nov 09, 2018
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.
E-wallets: Here's what you need to know
Tue, Feb 20, 2018
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.
Hike Messenger piggybacks Airtel to boost its payments bank business
Wed, Nov 22, 2017
Airtel Payments Bank will now get access to over 10 crore Hike users who will then be able to use its payments banking facilities.
PayPal starts payment services in India
Wed, Nov 08, 2017
Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China`s Alibaba-backed PayTM, the country`s leading digital payments firm.
Exporters may get e-wallet for refunds by April 2018: GST council
Fri, Oct 06, 2017
Last month, exporters mentioned that 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.
Online banking services: E-wallets vs Internet banking; which one should be in your smartphone
Sun, Aug 20, 2017
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.
Paytm aims to sell gold worth $200 million this year
Thu, Jul 20, 2017
Paytm plans to sell 5 tonnes of gold valued around $200 million this year, the digital payments firm said on Friday, as it strives to develop a viable business from its e-wallet platform.
CCI approves SoftBank's 20% stake acquisition in Paytm's parent One97 Communications
Tue, Jul 18, 2017
CCI has approved stake acquisition by SoftBank in Paytm's parent company - One97 Communications.
Paytm Payments Bank to begin operations from May 23
Wed, May 17, 2017
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.
Keep these six points in mind for safety of your online bank accounts
Thu, May 11, 2017
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.
How Paytm aims to capture millions of brick and mortar store customers
Mon, Apr 10, 2017
Paytm is now tapping offline customer base at brick and mortar stores with its online to offline (O2O) model, a report by Times of India said on Monday.
State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up
Fri, Mar 10, 2017
India's state sponsored e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.
Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore
Tue, Mar 07, 2017
Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
Demonetisation boosts Paytm’s user base by 23-million; crosses 200-million wallet users
Mon, Feb 27, 2017
E-wallet major Paytm has crossed 200 million customers on Monday with the total balance in wallets amounting to Rs 899.11 crore, Vijay Shekhar Sharma, CEO tweeted. Replying to a tweet Sharma said that the company adds 7,00,000 wallet users per day.
Tax cash transactions, Committee tells Govt; Finance Ministry says no final view yet
Wed, Jan 25, 2017
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.
MobiKwik registers 10 times growth in oil, gas sector
Tue, Jan 17, 2017
Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.
RBI extends deadline of Rs 20,000 transaction limit on e-wallet, prepaid card
Fri, Dec 30, 2016
The transaction limit has been maintained at Rs 20,000 until a further announcement from the RBI.