Paytm, Amazon Pay And PhonePe Wallet Will Work as Usual, till February 2020

There is some relief for users who rely on mobile wallet apps to make payments. The Know Your Customer (KYC) compliance deadline for mobile wallets has been extended till the end of February next year, by the Reserve Bank of India (RBI). This means mobile wallet companies including Paytm, Amazon Pay, Airtel Payments Bank and […]

United States has 110 million mobile wallet users

The United States is home to one of the very first digital wallet: Paypal. The company was founded in 1998 and is now a major player in digital finance. But their inability or reluctance to reduce fees has encouraged a host of new and cheaper mobile wallets: Venmo — Free P2P payments, owned by paypal Google […]

E-wallets scene in APAC

The 2017 Mastercard Digital Payments Study showed that Asia Pacific is the world leader when it comes to digital wallet payments, with about 83% of APAC conversations, pegged against 75% of overall global conversations. Image Source And it’s just the beginning. According to WorldPay’s recent report, credit card payments are expected to drop from 30% to 10% […]

E-wallets Scene in the USA

E-wallets – What are they? E-wallets/Digital wallets are the online counterparts of your physical wallets, where you can store credentials — both payment-related (card details, bank account details, etc), as well as non-payment-related (tickets, loyalty cards, etc) — that will enable you to carry out online and/or offline transactions. While open e-wallets support different payment methods […]

E-wallets scene in Europe

2015 appears to be the peak-year for European e-wallets, with 9 launches. The graph has since gradually reduced, with 5 new e-wallets launched in 2016, and 5 other e-wallets in 2017. According to the World Payments Report 2017, mobile wallet transactions are expected to grow at a compound annual growth rate (CAGR) of 61.8% during 2016 […]

Digital Payment systems Market in India

Indian payments industry is to a great extent commanded with money based exchanges. The financial business in the nation was significantly branch-based till 2014. Afterward, there was an impressive development in the branch-less channels of banking, which has additionally investigated into digital payments in both rustic and urban areas. Indian digital payments industry is required […]

How B2B has the ability to quicken the appropriation of digital payments in India?

Over the most recent one year, India has seen notable financial changes, for example, the demonetization drive and going of the GST bill. These activities have activated uplifting assumptions regarding the development of digital payments in the coming future. Promotion and consideration around B2C payments going computerized A large portion of the happiness around digital […]

Major ways that Block chain will change the world we live in

Everything has a digital identity Character the executives lies at the center of blockchain’s capability to change the products and services we offer our clients, and how our clients interface with us. Ensured by blockchain’s impervious security, physical resources become advanced resources; documentation is digitized; individuals have secure computerized IDs; and information ends up accessible […]

What makes merchants adopt digital payments?

Digital Payments structure the bedrock of more profound monetary incorporation for smaller scale ventures, which establishes 99% of India’s roughly 60 million-in number miniaturized scale, little and medium undertakings (MSMEs). More extensive money related administrations, for example, credit, protection and riches the executives, can be logically and cost-successfully gave in digitized and customized arranges over […]

Mobile wallet trends-2019

Mobile wallets expel many torment focuses from the ordinary exchange process. Housing both payment related certifications, (for example, Mastercard and financial balance subtleties) just as non-installment related data, (for example, loyalty cards or ticket data), portable wallets give a straightforward method to oversee payments, track exchanges, partake in loyalty programs, and above all, supplant the […]