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RBI’s New Rules May Help Fatten Digital Wallets
Higher deposits, cash withdrawals and more... can digital wallets come alive again after the RBI’s new rules?
09 Apr 2021, 11:16 AM IST
There was a time when digital wallets were the rage. The idea that you could keep aside a little bit of money via your bank account or your card and make hassle-free small payments sounded great. Then came the unified payment interface and a bunch of regulations, including know your customer requirements, which made wallets a bulky proposition. Digital wallets went into a slow decline.Now, the Reserve Bank of India is trying to give ...
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