NPCI decision to put a cap on the UPI market share of digital payment companies directly impacts UPI-only players such as Walmart's Phonepe, Google Pay and upcoming Whatsapp Pay. Interestingly, Paytm is the only major player which is still backing its wallet success and cards besides UPI.
With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to be fully compliant with Know Your Customer (KYC), people using PhonePe, Paytm, Amazon Pay or other such wallets will have no trouble making their transactions as usual till 29 February 2020.
The Reserve Bank of India (RBI) on Wednesday said it will issue a revised Master Directions on Prepaid Payment Instruments…
State-run Bharat Sanchar Nigam Limited (BSNL) on Thursday launched a mobile wallet that would enable its existing 100 million customers…
Even as the affects of the recent demonetisation are still waning, mobile wallets which were once the saviour for lakhs…
