Digital wallet Current Affairs, GK & News
Paytm which is a Noida-based e-commerce payment system and digital wallet company has launched an option of recurring payments for its merchants to enable recurring payments. It has also started its own subscription business at an annual fee of Rs 750 where consumers pay at regular intervals. Consumers can opt for recurring payments from Paytm ..
Topics: Credit card • Debit card • Digital wallet • E-commerce • E-commerce payment system • Economy • Financial services • Mobile payments in India • Money • Online payments • Payment systems • Paytm
The IDFC Bank has entered into a strategic alliance with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. The customers of MobiKwik can generate a 16-digit Visa virtual card through the app and use it for e-commerce and online transactions. In it, one need not be a ..
The Bharat Sanchar Nigam Ltd. (BSNL) has launched its mobile wallet “BSNL Wallet” in partnership with MobiKwik to enable one-tap bill payment for its over 100 million subscribers. This digital wallet was launched at an event by Manoj Sinha, Minister for Telecommunications in New Delhi. The mobile wallet is developed & issued by MobiKwik on ..
The ministry of electronics and information technology (MeitY) has launched a new TV channel named ‘DigiShala’ to promote digital transactions. DigiShala is a free-to-air channel to educate people about digital payment and encourage people to adopt digital payments in their everyday life. It is made available on DTH service. The channel will be airing shows in ..
India’s digital payment startup company TranServ has launched country’s first Social Mobile Wallet named Udio. The digital wallet seeks to address the gap between real and virtual modes of payment as it has more social experience. Key features of Udio Wallet It integrates a social, community-driven aspect with anytime, anywhere accessibility to digital P2P (peer-to-peer) ..
Category: Science & Technology Current Affairs
The RBI asserted that it will not permit mobile network operators to offer cash-out or mobile wallet service. Why RBI has asserted this? As per RBI, mobile wallet is basically an e-money product and therefore permitting mobile network operators provide this facility may bypass banking regulations. However, RBI allows transactions if mobile network operators operate ..