Mobile Wallets
Recent Highlights
All Stories for Mobile Wallets
RBI lays down guidelines to allow seamless payments among various mobile wallets
•Digital wallets can now use a state-backed payments network that makes peer-to-peer payments instant.
Donation to Kerala floods: Mobile wallet firms have their heart at the right place but taxpayers inconvenienced
Muralidharan •A few other mobile wallet companies have swung into action to mobilise funds for the beleaguered people of Kerala devastated by heavy rains, but how convenient is it for making donations
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
Smurlidharan •The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.
Understanding the Data Protection White Paper Part X: Governing diverse industries through a co-regulatory approach
Asheetar •Is the co-regulatory approach appropriate for India? What about other models like self-regulation and ‘command and control’?
Understanding the Data Protection White Paper Part VIII: Ensuring data quality and the rights of access and rectification
Asheetar •It isn’t enough to ensure that the data controller has collected data with the people’s consent, or that the use of the data is legitimate
Digital India: Electronic payments, m-wallets volumes seeing a decline, says HDFC report
•According to HDFC Bank, the argument that decline in currency with the public from the pre-demonetisation levels implies a structural drop in cash usage is "perhaps misleading"
Prepaid payment instruments: From interoperability to full KYC, how RBI is making digital space more secure
Asheetar •Interoperability allows payments to be made with different wallets, and allowing easy transfers between different wallets
Government extends cash back scheme to merchants for accepting payments via BHIM till 31 March
•The scheme was launched by Prime Minister Narendra Modi on April 14 for a period of six months for promoting cashless payments through the BHIM app.
Technology a disruptive force powering India's digital revolution
Anish Upadhyay •Technology has helped in reducing cost and margin pressures on banks. #DigitalPayments #MobileWallets
Digitisation drive: UPI is gaining currency among users but concerns of tech glitches, frauds remain
Sulekha_nair •One of the highlights of UPI is that a user needs to get a virtual address and there is no need to reveal phone numbers or transfer money to a wallet