mobile wallet

To protect consumers from fraudulent transactions, the Reserve Bank of India has mandated that mobile wallet users will be provided with the same safety as given to regular credit or debit card users.

Post the 2016 demonetisation in India, a majority of transactions have started happening online.

The biggest beneficiaries of demonetisation perhaps have been mobile wallet companies. With India currently having a smart phone user base of over 300 million and increasingly cheaper data plans – mobile wallets are doing very well.

Did you know that you could use only your phone number or Aadhaar to carry out your bank transactions? Or pay all your bills and manage your finances?

Indian Railways may soon introduce the option to book unreserved tickets through mobile wallets. Here's how!