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Checkout the various methods to add a prepaid gift card from Visa, American Express, MasterCard, or Discover to your PayPal account. You can transfer gift card balance to a bank account by using PayPal. The major benefit of putting your card balance to PayPal, you’ll avoid forgetting your gift cards, especially if you have many of them. […]
RBI introduces new Prepaid Payment Instrument (PPI) for small retails payment like groceries, local shops etc – Reserve Bank of India (RBI) has launched a new digital payment PPI instrument for digital transactions of small value belong to grocery, local shops etc. The maximum limit fixed for new PPI is Rs 10,000 per month and […]
RBI refunds rules for eWallets – Reserve Bank of India (RBI) has set up a new guidelines for unauthorized or fraudulent transactions take place on mobile wallets like Paytm, PhonePe or other Prepaid Payment Instrument (PPI). RBI has introduced rules to bring in more clarity. The new rules are aimed to protect consumers in case […]
Google has re-branded their UPI based payment application ‘Tez’ to ‘Google Pay’. The improved version of Google Pay application will host a new line of features such as pre-approved loans. Google has teamed up with HDFC Bank, ICICI Bank %, Federal Bank and Kotak Mahindra Bank to provide pre-approved loans. Customer will have option from […]
Fund Transfer Between eWallets – Reserve Bank of India (RBI) may soon permit the interoperability within eWallets as like transfer of funds between one eWallet to another i.e. users may transfer funds from PayTm eWallet to PhonePe or vice versa. RBI may issue the guidelines within a month from now after few final issues before […]
eWallet to Mutual Fund – Paytm gets SEBI node as registered investment advisor for selling of mutual funds in India. Paytm Money – the wholly-owned wealth management arm of financial services platform of Paytm. After getting node from SEBI, Paytm is joining hands with close to a dozen AMCs (asset management companies) and will roll out […]
Reserve Bank of India (RBI) revised Know your customer guidelines (KYC) may close the digital wallets business in India.Earlier in the month of October, 2017, RBI had given the deadline of 28th Feb 2018 for completion of Full KYC in all the Digital Wallet accounts maintained by eWallet companies. In the revised guideline, RBI had […]
RBI has allowed the transfer of funds facilities between different Mobile eWallets. Now any of the mobile ewallets users like PayTm, Mobikwik, Oxigen, Freecharge etc may transfer of money between themselves i.e. from PayTm to freecharge or Oxigen or Mobikwik or Jio Money. Earlier it was restricted by RBI under Prepaid Instruments Guidelines or PPI’s. […]
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