The deadline to do the KYC verification has been extended from February to 31 August.
"If it wasn't for UPI, we wouldn't be where we are right now with digital payments."
Amazon's UPI ambitions had come to a halt after it failed to fulfil the data localisation mandates from RBI.
Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers
Tokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.
Bose has been evangelising the idea of how Ezetap could turn any mobile device into a PoS device.
Digital wallet payments: RBI's refusal to extend 28 Feb deadline may lead to Rs 12,000 cr loss for sector
The central bank RBI, however, clarified that customers who have balances in such wallets or PPIs need not worry about their money
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc
Paytm vs FreeCharge vs MobiKwik vs Google Tez vs others: Here's a look at the existing digital wallets ecosystem
If you are confused about this whole online payments revolution, here's a quick rundown of the features and capabilities of various popular services
Through this alliance, both brands will bring together their respective technology platforms to offer Ola booking facility on ICICI Bank's mobile banking platforms
Flipkart-owned PhonePe digital wallet ties up with rival FreeCharge; lets customers link their existing wallets on both platforms
According to the deal terms, PhonePe has now enabled its over 45 million users to link their existing FreeCharge wallets to the PhonePe app
Bitcoin had risen around twentyfold since the start of the year, climbing from less than $1,000 to as high as $19,666
Cheque book ban now will be hastier than GST rollout; India is woefully ill-equipped for full digitisation
In a way, therefore, we will be killing the cheque at its infancy in rural areas where large swathes of India still is.
Niti Aayog CEO Amitabh Kant thinks that mobile wallets may replace credit and debit cards in few years
Mobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.
The fact that Samsung Pay is now available in India isn't as big a deal as the fact that Samsung Pay supports MST.
Union Minister Hansraj Gangaram Ahir on Wednesday said the Centre will frame a policy to further reduce charges on cashless transactions.
Demonetisation has put Digital India mission on fast track, writes Godrej Nature's Basket MD Avani Davda
Demonetisation has been a bold move and while it has had its ups and downs, it bodes well for the organised retail sector overall.
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
The committee of Chief Ministers and experts on digital economy will submit its interim report to Prime Minister Narendra Modi on Tuesday, said Andhra Pradesh Chief Minister N Chandrababu Naidu, who is heading the committee.
While digital wallets are slowly becoming mainstream, it looks like banks are still not convinced of the same. After it emerged that State Bank of India had blocked transactions on many digital wallets, it is not emerging that ICICI Bank too has blocked any transactions on Flipkart-owned digital wallet PhonePe.
Domestic mobile wallet major MobiKwik on Thursday launched five more regional language versions of its mobile app for its users.