E-wallets

Accept investments from KYC compliant e-wallets: Sebi to mutual funds

The use of e-wallets for MF investments was allowed in 2017 to promote digitisation

Indian crypto exchange WazirX moves funds after Binance cuts off service

Binance said it provided Zanmai wallet services "only as a tech solution for their operations of the WazirX exchange"

Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets

A step-to-step guide to transferring Amazon Pay balance to bank account

Note, however, that you can only do this if you have completed your KYC

Ola not obligated to deduct tax at source on payment to driver: ITAT

Tribunal says Ola is a mere intermediary; its role is limited to managing OLA app, facilitating transport services by the driver to the rider and payment collection via e-wallet on driver's behalf

RBI alerts public about Gurugram-based unauthorised wallet operator sRide

sRide is a carpooling mobile app that connects people within the community to share rides. It is present across four Indian cities with over one million rides offered and 8 cities in the US

PhonePe's revenue grew 85% to Rs 690 cr in FY21, losses drop by 44%

The 85% YoY revenue growth was due to a rise in transactions. PhonePe has a lion's share of the volumes on United Payment Interface and Bharat Bill Payment System

Investing in cryptos? Divide holdings between hot and cold wallets

Keep the cryptos required for trading in the former and the balance in the latter

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

Official, private digital currencies can coexist, say IMF experts

The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it

NPCI adds reloadable wallet feature in RuPay cards for offline transactions

The Covid-19 pandemic has accelerated the adoption of digital payments in India

This is how you can protect your e-wallet from new wave of KYC frauds

Since RBI has made KYC mandatory, many fraudsters use this as entry point

UP Police to expand cyber crime wings following spurt in online frauds

Senior police officials instructed to complete the preliminary rollout of the cyber cells by October 15

Relief to e-wallets: RBI extends KYC compliance norms by six months

The earlier deadline was February 28

No liability if e-wallet users report fraud within three days, says RBI

A payments expert said this was already a process; only the window of reporting the fraud had been increased

E-wallets preferred most for mobile recharges, utility bill payments: Study

Mobile digital payments have increased rapidly post demonetisation

Wallets on the wane as Unified Payments Interface and regulations take over

This has resulted in a steep fall in PPI transactions and some estimates suggest the business is down almost 50 per cent

In 6 months, you could use one mobile wallet to transfer money to another

RBI has assured of interoperability among mobile wallets,but said all entities would need to have a minimum net worth of Rs 5 crore at the time of application for e-wallet operation

RBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user

Inter-operability to help players increase business

E-wallets on a roll, see 81% Q1 growth in volume of transactions: Report

In the months after demonetisation, average transaction value, however, fell 12% quarter on quarter