Mobile Wallets

How criminals turned one-time passcodes into all-the-time spending power

Americans are being blitzed by bogus fee texts; investigators say China-based gangs use SIM farms, phishing sites and mobile wallets to turn stolen cards into iPhones, gift cards and cash.

Catch them young! Pocket money apps on the prowl for Indian teens’ wallets

This year will see teens getting access to UPI, which will not only bolster the adoption rate of pocket money apps but also enhance their user experience by providing them with seamless instant options for payment along with more security.

Why the steep fall in stock price does not make Paytm attractive

Concern for Paytm is not just limited to its lofty valuation and lack of profitability

How you'll be able to withdraw cash from mobile wallets at ATMs

Wallets will issue a prepaid card to customers. These cards may not only be used to withdraw cash from ATMs, but also be swiped at point of sale machines.

India to contribute 2.2% to global digital payments market by 2023

Unified Payments Interface (UPI), Bharat QR and mobile wallets have ensured last-mile connectivity, covering small merchants, tea sellers and even hawkers, the report said.

Wallet Wars | US, China fight it out. This time, it’s WhatsApp Pay vs Paytm

WhatsApp’s reach and acceptability in India are fine, but regulatory hurdles can make life hard for the Facebook firm

Soon, you may be able to transfer money between various wallets

If the mobile wallet interoperability becomes a reality, payment banks fear that it may pose a challenge to their facilities.

With KYC norms kicking in, mobile wallet customers using gift cards to get around it

For instance, customers can add money to their Amazon Pay wallet by purchasing gift cards of Amazon. The gift card offers a code that once added to the wallet loads the money

Fintech firms need more bandwidth, spectrum to grow in New Year

Fintechs and e-wallets can play a decisive role by stepping into this void left by banks

Mobile wallets will become strong players: Paytm official

Paytm Payments Bank MD-CEO Renu Satti said the RBI guidelines released this month will enable mobile wallets to gain access to more functionalities like unlimited transfer of funds between a bank account and a wallet and higher limit of up to Rs 1 lakh for money transfer to beneficiary accounts.

'Mobile wallets, biometric modes of payments to replace cards'

Mobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.

Can no longer look at cybersecurity as just ‘server room’ issue: EY's Kartik Shinde

This widespread use and increasing dependence on technology no doubt has its benefits but it also brings along challenges in terms of data security.

Paytm takes back 2% fee on wallet top-up via credit cards

The Alibaba-backed company had introduced the fee on March 8 after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost.

Govt releases draft rules for m-wallets, smart cards

The draft IT (Security of Prepaid Payment Instruments) Rules 2017 have been designed to ensure adequate integrity, security and confidentiality of electronic payments effected through PPIs.

Why banks are still underprepared to tackle cyber fraud

Cyber security has become a hot-button topic particularly after demonetisation gave a huge filip to digital payments. However, banks have still not put in adequate security measures to prevent cyber fraud.

What Paytm boss Sharma's tweet tells us about the startup space

Even as tech startups continue to make "errors in execution", as the Snapdeal founders said in a letter to their employees, Alibaba-backed Paytm is in the pink of health.

UIDAI for incentives to merchants using Aadhaar payment system

In a bid to promote Aadhaar-based payment system, especially in rural pockets, UIDAI has favoured "incentives" for shopkeepers using the biometric mode for digital transactions, in line with commission given by banks to Business Correspondents.

India key target for attacks on m-wallets, PoS devices:F-Secure

Post demonetisation, India is expected to be a key target for cyber criminals using malware to attack point-of-sales (POS) devices and mobile wallets this year, security software firm F-Secure said today.

COMMENT: BHIM app can give Paytm & co a run for their money

BHIM's user-friendly interface for cashless payments coupled with government's push can draw merchants and consumers alike, gradually edging out mobile wallets such as Paytm, Freecharge and MobiKwik.

Adopting digital payments may improve your personal finances

Using the digital option for payments can bring in a great deal of independence and help people get free of conventional, unrewarding practices in personal finance

Cashless future: Under-rated UPI scores over most e-wallet apps

Mobile wallet adoption surged manifold as the government began crackdown on black money scrapping Rs 500 and Rs 1,000 notes. A relatively simpler option to transact cashlessly, however, is Unified Payments Interface (UPI). Here‘s why:

Shifting to digital payment can save India Rs 4.7 lakh cr: Visa

In an interview with CNBC-TV18's Kevin Lee, Visa Group Country Manager TR Ramachandran said that India can reduce its cost of cash to 1.3 percent of GDP by 2025 from the current 1.7 percent and save around Rs 4.7 lakh crore by shifting to more digital means of payment.