eWallets News

RBI New KYC Rule May Kill Mobile eWallet Business in India

None of the Mobile Wallets compnaies including big names like PayTm, Mobikwik, Freecharge, SBI Buddy, ICICI Pockets, Jio etc having more than 10% of their wallet customers with full kyc. Each of the wallets companies including semi-closed wallets ...

RBI To Allow Transfer of Funds Within e Wallets

e-Wallets

Sooner RBI is going to allow inter transfer of fund between different eWallets. After implementation of new prepaid rule, users will be able to transfer fund between different wallets companies like user of PayTm wallets may be able to transfer ...