The company has not mentioned any specific timeline as to when it will launch the wallet as of now.
Users will also options to choose from different payment methods including e-wallets, UPI, credit and debit cards and so on.
Overall, the RBI has shown a welcome range in its focus last year, from financial inclusion, promoting innovation to easing payments in the pandemic.
Digital payments firm Paytm has recorded around four-fold jump in payments received by merchants in its new ledger service amid the coronavirus pandemic, a senior company official said on Thursday
Coronavirus Outbreak: Ahmedabad decides to go digital to prevent the spread of the virus through currency
From 15 May, all home deliveries will have to be paid digitally and no cash on delivery will be accepted.
Agriculture Minister Narendra Singh Tomar says 117 more mandis join eNAM platform; total number reaches 962 across India
Integration of APMC mandis with eNAM will strengthen and facilitate farmers to sell their harvested produce through the online portal, he said.
Digital payment firm Paytm on Tuesday announced a Rs 100 crore loyalty programme for grocery stores to cover up losses faced by merchants from transaction charges
After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection
RBI's new motto after demonetisation: Cash is king, but digital is divine; digital payments witness 61% CAGR growth
With 'cash is king, but digital is divine' motto, the Reserve Bank on Monday said its endeavour will be to make digital payments a divine experience for the users after being buoyed by over Rs 3.5 lakh crore reduction in the notes in circulation (NIC) post demonetisation
Lokvir Kapoor, the current executive chairman of Pine Labs might step in for the interim period.
Historically, digital payments around the world have been driven by the American model defined by card associations.
Times Internet, which backed GetMeAShop, becomes an investor in Instamojo through the deal, gets board observer role.
Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough.
Budget 2020: Govt should revisit spectrum charges, other levies; offer amnesty schemes to telecom firms to enable 5G launch
Some incumbent players have begun reconsidering their future investment plans for 5G and national broadband, which are slated to form the fulcrum of the government’s ambitious Digital Communications Policy.
Pine Labs secures undisclosed funding from Mastercard for expansion of digital payments adoption in India
Mastercard joins PayPal and Temasek who pumped in around $125 million over 2018 into Pine Labs.
Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report
Digital transactions are estimated to have grown by 338 percent from 2018 to 2019, according to the Razorpay report
Investments in Indian tech startups grew 18% in 2019; Delhi-NCR, Bengaluru account for lion's share of funds: Report
Globally, the total funding for technology startups is estimated to have dipped by 22 percent to $293 billion from $375 billion in 2018, with a 27 percent drop in deals
Demonetisation helped in reducing incremental growth in currency notes by Rs 3 lakh cr: Nirmala Sitharaman
The government on Tuesday said demonetisation followed by digitalisation has succeeded in reducing incremental growth in currency in circulation by over Rs 3 lakh crore
Flipkart-owned digital payments company PhonePe has received a fund infusion of about Rs 585.66 crore from its parent firm in another round, according to regulatory filings
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.