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RBI lays out rules to make mobile wallet payments seamless

Updated : October 16, 2018 08:39 PM IST

Mobile wallets such as the one run by SoftBank and Alibaba-backed Paytm have become popular in India after a ban on high-value currency in late 2016 pushed people to pay digitally.
Digital wallet companies, if they so desire, can now use a state-backed payments network that makes peer-to-peer payments instant, to make wallets inter-operable, the Reserve Bank of India said on Tuesday.
RBI lays out rules to make mobile wallet payments seamless
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