Making wallets more mobile in India

18-Jul-2016 #Digital India Source: India Inc

India is slowly but surely embracing the digital wallet. Current Reserve Bank of India (RBI) rules have a Rs 10,000 ($114) cap on such mobile friendly payment options with acquiring complete “know your customer” (KYC) details. However, this does not seem to be putting off many start-ups who are banking on this trend catching on among India’s burgeoning middle classes and, indeed, the rural sector with increasing access to affordable mobile technology… Read more

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