Wallet

This move restricts co-branded PPI apps, such as non-bank and non-PPI license holders, from offering UPI services on their platform thus fintechs cannot ride piggyback on others’ PPI license anymore.

Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs

The move may impact credit products of fintech players who extend credit through prepaid payment instruments such as prepaid cards and wallets.

Macquarie on Paytm: No threat to business from RBI ban, small finance bank licence remains doubtful

According to Macquarie, the recent developments substantially reduce Paytm’s chances of upgrading to a small finance bank licence. The company is due to apply for the licence in May 2022

Juspay to provide offering for wallet and UPI interoperability ahead of RBI deadline

Juspay provides UPI technology for banks like Axis Bank, ICICI Bank, Yes Bank as well as merchants including Amazon, Google, CRED, Bajaj, Ola, Swiggy, among others.

OnePlus files trademark for its online payment service OnePlus Pay in India; launch imminent

The UPI payments space in India is pretty crowded right now with nearly every bank and communication service supporting it in one way or the other

Explained: How to reactivate your dormant MobiKwik, Paytm and Freecharge mobile wallets

An e-wallet is considered inactive if there are no transactions made through it for a year. Some firms may levy maintenance charges in inactive accounts

Things you no longer need in your wallet

There was once a time when people would keep their wallets fat. The times are changing and now you may save the agony of getting pick-pocketed by going digital. Here are some things you no longer need in your wallet - including cash!

Be ready to pay for loading your Paytm wallet through credit cards

Effective January 1, 2020, Paytm has started charging a fee of two percent if you load your wallet in excess of Rs 10,000 using a credit card during a month

RBI directs the likes of Paytm and PhonePe to have an internal ombudsman

It is needed to ensure customer grievances are resolved in the most effective manner and within a defined timeframe.

Bank branches shrink as digital banking grows

You may soon see your bank getting smaller in size and lesser in sight as the need for physical presence of banks is reducing gradually.

POS machine sales soar as banks see more digital transactions

Demonetisation drive by the government has led to banks, both public and private, seeing a huge uptick in digital transactions.

None of mobile payment apps in India fully secure: Qualcomm

As per market research firm Strategy Analytics, Qualcomm leads mobile chipset market globally with 37 percent share.

DCB Bank launches Cippy Wallet app for 'cash free' payments

Hopping on to the cashless drive, new generation private lender DCB Bank today launched Cippy Wallet app for digital payments.

MobiKwik to launch virtual card for online, offline payments

Mobile wallet firm MobiKwik today said its users will be able to use MobiKwik for payments across all online & offline retailers and shops, where credit and debit cards are accepted by January 2017 using a virtual card.

Intex partners with Tata's mRUPEE for mobile wallet service

The wallet will offer easy and quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie, bus tickets and more in just one click, Intex said in a statement.

Just Dial gets RBI's in-principle nod for its prepaid wallet

"The company has received a letter dated September 6, 2016, from Reserve Bank of lndia granting in- principle approval for issuing and operating payment system for semi closed pre-paid payment instrument service," Just Dial said in a BSE filing.

Future's low-value products and Paytm a good match: Biyani

GST will help India become a big unified market, says Kishore Biyani, CEO of Future Group, adding, the company will benefit the most.

Soon, book a Renault KWID with your Paytm wallet

Customers can simply book online or pay the booking amount at dealerships with their Paytm Wallets. The partnership is a strategic move by Renault to leverage the growing preference for cashless transactions in India.

Spice Digital to operate under Bharat Bill Payment System

IT company Spice Digital today said it has received in-principle approval from the Reserve Bank to operate under the Bharat Bill Payment System (BBPS).

Buyers for stressed assets hard to find: ICICI Bank

Strategic debt restructuring is a useful tool, said Kochhar, adding, the bank has successfully managed to find a buyer for one of the companies it had invoked the restructure for.

No surcharge, service charge to be levied on electronic payments

The Union Cabinet today unveiled steps to promote electronic payments, including a direction to abolish payment of any surcharge or service charge on transactions done through the digital medium -- either through cards or wallets.

Larger banks too will feel heat of payment bks: AK Purwar

Former chairman of State Bank of India AK Purwar says even larger banks will start feeling the heat and pinch of this, not just midcap and small banks. In a neck and neck competition, he says: “It will become a question of survival of the fittest.”

India feels like Silicon Valley of mid-90: Google

Discussing why India is important to Google, Sridhar Ramaswamy, Senior VP-Ad Products at Google told CNBC-TV18‘s Kritika Saxena that “It (India) is just incredibly rich with possibilities.”

Flipkart announces Marketplace, restricts Wallet purchases to Flyte

Great changes are afoot at Flipkart today. While the e-commerce portal is introducing a new marketplace system of selling goods, Flipkart has also announced