Re: [AI] Digital shopping
Paytm is very accessible in IOS -Original Message- From: AccessIndia [mailto:accessindia-boun...@accessindia.org.in] On Behalf Of P L VERMA Sent: Monday, September 25, 2017 7:02 PM To: AccessIndia: a list for discussing accessibility and issues concerning the disabled. Subject: Re: [AI] Digital shopping can someone rate the 3 most accessible payment apps? - Original Message - From: "sadaf khan" To: "AccessIndia: a list for discussing accessibility and issues concerning the disabled." Sent: Monday, September 25, 2017 5:41 PM Subject: Re: [AI] Digital shopping > Hi, the accessibility of bheem is pretty good. they are working on > the unlabled buttons and improving the accessibility regularly. > > On 9/25/17, rajinder Sehgal wrote: >> hi! the 1st thing is without kyc wallet limit is 20,000 wallets are >> giving cashback but not intrust. >> for cashback we can use phonepe. >> i preffered upi because transactions thrugh upi are bank to bank. >> i tryed too many upi apps like bhim, yespay, sbipay, pnbupi, chiller, >> airtel, and phonepe may be 1 or 2 name apps i forgot. >> i found airtel and phonepe apps are fully accessible. >> i didn't tryed google tez, but heard that its also accessible. >> bhim is good but we have to practice some unlabeled buttons. >> phonepe app gives more options like recharge, bills, cashback without >> promocode, max refferal income etc. >> its own by flipkart then its also giving cashback on purchasing >> flipkart site. >> >> phonepe link is. >> https://phon.pe/ru_rajia9bm >> >> >> On 9/25/17, Mahesh S. Panicker wrote: >>> Hi Harish ji and all, >>> How accessible is the Bhim app? Of course mobile wallets are a major >>> benefit for us, particularly after the note changes that have made >>> it difficult to identify notes. With wallets, no need to identify >>> notes, no need to scramble for change, and the process is easy with >>> wallets like Paytm and Mobikwik. They both have come a long way in >>> terms of accessibility, there could possibly be the odd button or 2 >>> or region or 2 that may create some issues with TalkBack, but >>> effectively they are very much accessible. But since the Bhim app is >>> brought out by Government of India, and comes with more >>> possibilities of instant transfer, would like to give it a go. But >>> my experience with apps from the government in recent times have >>> been pretty poor, whether that is LIC India or the National Pension >>> Scheme NPS. So would like to know, how accessible is the Bhim app? >>> Regards, >>> >>> On 9/25/17, Kotian, H P wrote: >>>> Friends >>>> I am sharing this article, I have followed it with A FAQ. >>>> Regards >>>> Harish. >>>> >>>> >>>> >>>> The Smart Wallet >>>> BY MAMTA SHARMA >>>> EARLY THIS YEAR, when I moved from Mumbai to Chennai, language >>>> posed a great barrier. It was difficult to call a cab and pay for a >>>> ride without help. >>>> Then Ola Money, the taxi-hailing company Ola's digital wallet app, >>>> saved the day. I simply had to load it with money using net banking >>>> or my credit/debit card, and the app was ready to go. On reaching >>>> my destination, I paid my fare digitally. It was instant and >>>> without the hassles of swiping my card, keying in a 16-digitnumber >>>> or logging on to a bank's website involving OTPs. >>>> I soon learnt this wallet could do much more-it could help pay >>>> phone bills, book flight tickets, order a pizza and even transfer >>>> money to another Ola Money account. >>>> "Unlike in the West, the Indian economy is culturally cash-intensive. >>>> So >>>> we'd often prefer to make small payments-say from Rupees 10 to a >>>> few hundred rupees-by cash," says Mukul Shrivastava, partner, fraud >>>> investigation and dispute services, Ernst & Young, Mumbai. "The >>>> newfound comfort of using a digital wallet has a lot to do with our >>>> ease with smartphones. These wallets are simple to use and offer >>>> the convenience of technology in your palm," >>>> he >>>> adds. With increasing smartphone penetration and easy access to the >>>> internet, this digital payment option is rapidly catching on. A >>>> recent study by Google and the Boston Consulting Group forecasts >>>> that India's digital paymen
Re: [AI] Digital shopping
Only one. Tez by google. On September 25, 2017 7:04:21 PM "P L VERMA" wrote: can someone rate the 3 most accessible payment apps? - Original Message - From: "sadaf khan" To: "AccessIndia: a list for discussing accessibility and issues concerning the disabled." Sent: Monday, September 25, 2017 5:41 PM Subject: Re: [AI] Digital shopping Hi, the accessibility of bheem is pretty good. they are working on the unlabled buttons and improving the accessibility regularly. On 9/25/17, rajinder Sehgal wrote: hi! the 1st thing is without kyc wallet limit is 20,000 wallets are giving cashback but not intrust. for cashback we can use phonepe. i preffered upi because transactions thrugh upi are bank to bank. i tryed too many upi apps like bhim, yespay, sbipay, pnbupi, chiller, airtel, and phonepe may be 1 or 2 name apps i forgot. i found airtel and phonepe apps are fully accessible. i didn't tryed google tez, but heard that its also accessible. bhim is good but we have to practice some unlabeled buttons. phonepe app gives more options like recharge, bills, cashback without promocode, max refferal income etc. its own by flipkart then its also giving cashback on purchasing flipkart site. phonepe link is. https://phon.pe/?ru_rajia9bm On 9/25/17, Mahesh S. Panicker wrote: Hi Harish ji and all, How accessible is the Bhim app? Of course mobile wallets are a major benefit for us, particularly after the note changes that have made it difficult to identify notes. With wallets, no need to identify notes, no need to scramble for change, and the process is easy with wallets like Paytm and Mobikwik. They both have come a long way in terms of accessibility, there could possibly be the odd button or 2 or region or 2 that may create some issues with TalkBack, but effectively they are very much accessible. But since the Bhim app is brought out by Government of India, and comes with more possibilities of instant transfer, would like to give it a go. But my experience with apps from the government in recent times have been pretty poor, whether that is LIC India or the National Pension Scheme NPS. So would like to know, how accessible is the Bhim app? Regards, On 9/25/17, Kotian, H P wrote: Friends I am sharing this article, I have followed it with A FAQ. Regards Harish. The Smart Wallet BY MAMTA SHARMA EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a great barrier. It was difficult to call a cab and pay for a ride without help. Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved the day. I simply had to load it with money using net banking or my credit/debit card, and the app was ready to go. On reaching my destination, I paid my fare digitally. It was instant and without the hassles of swiping my card, keying in a 16-digitnumber or logging on to a bank's website involving OTPs. I soon learnt this wallet could do much more-it could help pay phone bills, book flight tickets, order a pizza and even transfer money to another Ola Money account. "Unlike in the West, the Indian economy is culturally cash-intensive. So we'd often prefer to make small payments-say from Rupees 10 to a few hundred rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a digital wallet has a lot to do with our ease with smartphones. These wallets are simple to use and offer the convenience of technology in your palm," he adds. With increasing smartphone penetration and easy access to the internet, this digital payment option is rapidly catching on. A recent study by Google and the Boston Consulting Group forecasts that India's digital payment industry is likely to be worth $500 billion by 2020. Already, mobile wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and others have been making our life easier. Recent Reserve Bank of India (RBI) data show that payments made through mobile wallets have increased from Rupees 29.05 million in 2013-14 to Rupees 205.84 million in 2015-16 and have surpassed mobile banking in terms of volume. If you haven't tried them, you should. Here's a quick guide to digital wallets that will help you use them better. How do you get started? Several e-commerce and telecom companies offer digital wallets. All you need to do is log on to their website on your computer or download their app on your smartphone, sign up with your email or mobile number and transfer funds to your wallet using net banking, IMPS (Immediate Payment Service) or your credit/debit card. Once the money is in your wallet you are all set. Types of wallets: There are three kinds of wallets-closed, semi-closed and open. A closed wallet is issued by a company for buying goods and services exclusively from it. For example, MakeMyTrip's MyWallet helps you manage your booking refunds on the site. Semi-c
Re: [AI] Digital shopping
can someone rate the 3 most accessible payment apps? - Original Message - From: "sadaf khan" To: "AccessIndia: a list for discussing accessibility and issues concerning the disabled." Sent: Monday, September 25, 2017 5:41 PM Subject: Re: [AI] Digital shopping Hi, the accessibility of bheem is pretty good. they are working on the unlabled buttons and improving the accessibility regularly. On 9/25/17, rajinder Sehgal wrote: hi! the 1st thing is without kyc wallet limit is 20,000 wallets are giving cashback but not intrust. for cashback we can use phonepe. i preffered upi because transactions thrugh upi are bank to bank. i tryed too many upi apps like bhim, yespay, sbipay, pnbupi, chiller, airtel, and phonepe may be 1 or 2 name apps i forgot. i found airtel and phonepe apps are fully accessible. i didn't tryed google tez, but heard that its also accessible. bhim is good but we have to practice some unlabeled buttons. phonepe app gives more options like recharge, bills, cashback without promocode, max refferal income etc. its own by flipkart then its also giving cashback on purchasing flipkart site. phonepe link is. https://phon.pe/ru_rajia9bm On 9/25/17, Mahesh S. Panicker wrote: Hi Harish ji and all, How accessible is the Bhim app? Of course mobile wallets are a major benefit for us, particularly after the note changes that have made it difficult to identify notes. With wallets, no need to identify notes, no need to scramble for change, and the process is easy with wallets like Paytm and Mobikwik. They both have come a long way in terms of accessibility, there could possibly be the odd button or 2 or region or 2 that may create some issues with TalkBack, but effectively they are very much accessible. But since the Bhim app is brought out by Government of India, and comes with more possibilities of instant transfer, would like to give it a go. But my experience with apps from the government in recent times have been pretty poor, whether that is LIC India or the National Pension Scheme NPS. So would like to know, how accessible is the Bhim app? Regards, On 9/25/17, Kotian, H P wrote: Friends I am sharing this article, I have followed it with A FAQ. Regards Harish. The Smart Wallet BY MAMTA SHARMA EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a great barrier. It was difficult to call a cab and pay for a ride without help. Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved the day. I simply had to load it with money using net banking or my credit/debit card, and the app was ready to go. On reaching my destination, I paid my fare digitally. It was instant and without the hassles of swiping my card, keying in a 16-digitnumber or logging on to a bank's website involving OTPs. I soon learnt this wallet could do much more-it could help pay phone bills, book flight tickets, order a pizza and even transfer money to another Ola Money account. "Unlike in the West, the Indian economy is culturally cash-intensive. So we'd often prefer to make small payments-say from Rupees 10 to a few hundred rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a digital wallet has a lot to do with our ease with smartphones. These wallets are simple to use and offer the convenience of technology in your palm," he adds. With increasing smartphone penetration and easy access to the internet, this digital payment option is rapidly catching on. A recent study by Google and the Boston Consulting Group forecasts that India's digital payment industry is likely to be worth $500 billion by 2020. Already, mobile wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and others have been making our life easier. Recent Reserve Bank of India (RBI) data show that payments made through mobile wallets have increased from Rupees 29.05 million in 2013-14 to Rupees 205.84 million in 2015-16 and have surpassed mobile banking in terms of volume. If you haven't tried them, you should. Here's a quick guide to digital wallets that will help you use them better. How do you get started? Several e-commerce and telecom companies offer digital wallets. All you need to do is log on to their website on your computer or download their app on your smartphone, sign up with your email or mobile number and transfer funds to your wallet using net banking, IMPS (Immediate Payment Service) or your credit/debit card. Once the money is in your wallet you are all set. Types of wallets: There are three kinds of wallets-closed, semi-closed and open. A closed wallet is issued by a company for buying goods and services exclusively from it. For example, MakeMyTrip's MyWallet helps you manage your booking refunds on the site. Semi-closed wallets are the most common. They can be used at select merchants
Re: [AI] Digital shopping
Hi, the accessibility of bheem is pretty good. they are working on the unlabled buttons and improving the accessibility regularly. On 9/25/17, rajinder Sehgal wrote: > hi! the 1st thing is without kyc wallet limit is 20,000 > wallets are giving cashback but not intrust. > for cashback we can use phonepe. > i preffered upi because transactions thrugh upi are bank to bank. > i tryed too many upi apps like bhim, yespay, sbipay, pnbupi, chiller, > airtel, and phonepe may be 1 or 2 name apps i forgot. > i found airtel and phonepe apps are fully accessible. > i didn't tryed google tez, but heard that its also accessible. > bhim is good but we have to practice some unlabeled buttons. > phonepe app gives more options like recharge, bills, cashback without > promocode, max refferal income etc. > its own by flipkart then its also giving cashback on purchasing flipkart > site. > > phonepe link is. > https://phon.pe/ru_rajia9bm > > > On 9/25/17, Mahesh S. Panicker wrote: >> Hi Harish ji and all, >> How accessible is the Bhim app? Of course mobile wallets are a major >> benefit for us, particularly after the note changes that have made it >> difficult to identify notes. With wallets, no need to identify notes, >> no need to scramble for change, and the process is easy with wallets >> like Paytm and Mobikwik. They both have come a long way in terms of >> accessibility, there could possibly be the odd button or 2 or region >> or 2 that may create some issues with TalkBack, but effectively they >> are very much accessible. But since the Bhim app is brought out by >> Government of India, and comes with more possibilities of instant >> transfer, would like to give it a go. But my experience with apps from >> the government in recent times have been pretty poor, whether that is >> LIC India or the National Pension Scheme NPS. So would like to know, >> how accessible is the Bhim app? >> Regards, >> >> On 9/25/17, Kotian, H P wrote: >>> Friends >>> I am sharing this article, I have followed it with A FAQ. >>> Regards >>> Harish. >>> >>> >>> >>> The Smart Wallet >>> BY MAMTA SHARMA >>> EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a >>> great >>> barrier. It was difficult to call a cab and pay for a ride without help. >>> Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved >>> the >>> day. I simply had to load it with money using net banking or my >>> credit/debit >>> card, and the app was ready to go. On reaching my destination, I paid my >>> fare digitally. It was instant and without the hassles of swiping my >>> card, >>> keying in a 16-digitnumber or logging on to a bank's website involving >>> OTPs. >>> I soon learnt this wallet could do much more-it could help pay phone >>> bills, >>> book flight tickets, order a pizza and even transfer money to another Ola >>> Money account. >>> "Unlike in the West, the Indian economy is culturally cash-intensive. So >>> we'd often prefer to make small payments-say from Rupees 10 to a few >>> hundred >>> rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and >>> dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a >>> digital wallet has a lot to do with our ease with smartphones. These >>> wallets >>> are simple to use and offer the convenience of technology in your palm," >>> he >>> adds. With increasing smartphone penetration and easy access to the >>> internet, this digital payment option is rapidly catching on. A recent >>> study >>> by Google and the Boston Consulting Group forecasts that India's digital >>> payment industry is likely to be worth $500 billion by 2020. Already, >>> mobile >>> wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and >>> others >>> have been making our life easier. Recent Reserve Bank of India (RBI) data >>> show that payments made through mobile wallets have increased from Rupees >>> 29.05 million in 2013-14 to Rupees 205.84 million in 2015-16 and have >>> surpassed mobile banking in terms of volume. >>> If you haven't tried them, you should. Here's a quick guide to digital >>> wallets that will help you use them better. >>> How do you get started? >>> Several e-commerce and telecom companies offer digital wallets. All you >>> need >>> to do is log on to their website on your computer or download their app >>> on >>> your smartphone, sign up with your email or mobile number and transfer >>> funds >>> to your wallet using net banking, IMPS (Immediate Payment Service) or >>> your >>> credit/debit card. Once the money is in your wallet you are all set. >>> Types of wallets: There are three kinds of wallets-closed, semi-closed >>> and >>> open. >>> A closed wallet is issued by a company for buying goods and services >>> exclusively from it. For example, MakeMyTrip's MyWallet helps you manage >>> your booking refunds on the site. >>> Semi-closed wallets are the most common. They can be used at select >>> merchants that have specifically entered into a con
Re: [AI] Digital shopping
hi! the 1st thing is without kyc wallet limit is 20,000 wallets are giving cashback but not intrust. for cashback we can use phonepe. i preffered upi because transactions thrugh upi are bank to bank. i tryed too many upi apps like bhim, yespay, sbipay, pnbupi, chiller, airtel, and phonepe may be 1 or 2 name apps i forgot. i found airtel and phonepe apps are fully accessible. i didn't tryed google tez, but heard that its also accessible. bhim is good but we have to practice some unlabeled buttons. phonepe app gives more options like recharge, bills, cashback without promocode, max refferal income etc. its own by flipkart then its also giving cashback on purchasing flipkart site. phonepe link is. https://phon.pe/ru_rajia9bm On 9/25/17, Mahesh S. Panicker wrote: > Hi Harish ji and all, > How accessible is the Bhim app? Of course mobile wallets are a major > benefit for us, particularly after the note changes that have made it > difficult to identify notes. With wallets, no need to identify notes, > no need to scramble for change, and the process is easy with wallets > like Paytm and Mobikwik. They both have come a long way in terms of > accessibility, there could possibly be the odd button or 2 or region > or 2 that may create some issues with TalkBack, but effectively they > are very much accessible. But since the Bhim app is brought out by > Government of India, and comes with more possibilities of instant > transfer, would like to give it a go. But my experience with apps from > the government in recent times have been pretty poor, whether that is > LIC India or the National Pension Scheme NPS. So would like to know, > how accessible is the Bhim app? > Regards, > > On 9/25/17, Kotian, H P wrote: >> Friends >> I am sharing this article, I have followed it with A FAQ. >> Regards >> Harish. >> >> >> >> The Smart Wallet >> BY MAMTA SHARMA >> EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a >> great >> barrier. It was difficult to call a cab and pay for a ride without help. >> Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved >> the >> day. I simply had to load it with money using net banking or my >> credit/debit >> card, and the app was ready to go. On reaching my destination, I paid my >> fare digitally. It was instant and without the hassles of swiping my >> card, >> keying in a 16-digitnumber or logging on to a bank's website involving >> OTPs. >> I soon learnt this wallet could do much more-it could help pay phone >> bills, >> book flight tickets, order a pizza and even transfer money to another Ola >> Money account. >> "Unlike in the West, the Indian economy is culturally cash-intensive. So >> we'd often prefer to make small payments-say from Rupees 10 to a few >> hundred >> rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and >> dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a >> digital wallet has a lot to do with our ease with smartphones. These >> wallets >> are simple to use and offer the convenience of technology in your palm," >> he >> adds. With increasing smartphone penetration and easy access to the >> internet, this digital payment option is rapidly catching on. A recent >> study >> by Google and the Boston Consulting Group forecasts that India's digital >> payment industry is likely to be worth $500 billion by 2020. Already, >> mobile >> wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and >> others >> have been making our life easier. Recent Reserve Bank of India (RBI) data >> show that payments made through mobile wallets have increased from Rupees >> 29.05 million in 2013-14 to Rupees 205.84 million in 2015-16 and have >> surpassed mobile banking in terms of volume. >> If you haven't tried them, you should. Here's a quick guide to digital >> wallets that will help you use them better. >> How do you get started? >> Several e-commerce and telecom companies offer digital wallets. All you >> need >> to do is log on to their website on your computer or download their app >> on >> your smartphone, sign up with your email or mobile number and transfer >> funds >> to your wallet using net banking, IMPS (Immediate Payment Service) or >> your >> credit/debit card. Once the money is in your wallet you are all set. >> Types of wallets: There are three kinds of wallets-closed, semi-closed >> and >> open. >> A closed wallet is issued by a company for buying goods and services >> exclusively from it. For example, MakeMyTrip's MyWallet helps you manage >> your booking refunds on the site. >> Semi-closed wallets are the most common. They can be used at select >> merchants that have specifically entered into a contract with the >> wallet-issuing company. The wallet can be used to buy goods and services, >> including financial services, but you cannot use it to withdraw or redeem >> cash. Paytm, MobiKwik, Citrus and Oxigen are some options in the >> semi-closed-wallet space. >> An open wallet can
Re: [AI] Digital shopping
Hi Harish ji and all, How accessible is the Bhim app? Of course mobile wallets are a major benefit for us, particularly after the note changes that have made it difficult to identify notes. With wallets, no need to identify notes, no need to scramble for change, and the process is easy with wallets like Paytm and Mobikwik. They both have come a long way in terms of accessibility, there could possibly be the odd button or 2 or region or 2 that may create some issues with TalkBack, but effectively they are very much accessible. But since the Bhim app is brought out by Government of India, and comes with more possibilities of instant transfer, would like to give it a go. But my experience with apps from the government in recent times have been pretty poor, whether that is LIC India or the National Pension Scheme NPS. So would like to know, how accessible is the Bhim app? Regards, On 9/25/17, Kotian, H P wrote: > Friends > I am sharing this article, I have followed it with A FAQ. > Regards > Harish. > > > > The Smart Wallet > BY MAMTA SHARMA > EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a great > barrier. It was difficult to call a cab and pay for a ride without help. > Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved the > day. I simply had to load it with money using net banking or my credit/debit > card, and the app was ready to go. On reaching my destination, I paid my > fare digitally. It was instant and without the hassles of swiping my card, > keying in a 16-digitnumber or logging on to a bank's website involving OTPs. > I soon learnt this wallet could do much more-it could help pay phone bills, > book flight tickets, order a pizza and even transfer money to another Ola > Money account. > "Unlike in the West, the Indian economy is culturally cash-intensive. So > we'd often prefer to make small payments-say from Rupees 10 to a few hundred > rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and > dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a > digital wallet has a lot to do with our ease with smartphones. These wallets > are simple to use and offer the convenience of technology in your palm," he > adds. With increasing smartphone penetration and easy access to the > internet, this digital payment option is rapidly catching on. A recent study > by Google and the Boston Consulting Group forecasts that India's digital > payment industry is likely to be worth $500 billion by 2020. Already, mobile > wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and others > have been making our life easier. Recent Reserve Bank of India (RBI) data > show that payments made through mobile wallets have increased from Rupees > 29.05 million in 2013-14 to Rupees 205.84 million in 2015-16 and have > surpassed mobile banking in terms of volume. > If you haven't tried them, you should. Here's a quick guide to digital > wallets that will help you use them better. > How do you get started? > Several e-commerce and telecom companies offer digital wallets. All you need > to do is log on to their website on your computer or download their app on > your smartphone, sign up with your email or mobile number and transfer funds > to your wallet using net banking, IMPS (Immediate Payment Service) or your > credit/debit card. Once the money is in your wallet you are all set. > Types of wallets: There are three kinds of wallets-closed, semi-closed and > open. > A closed wallet is issued by a company for buying goods and services > exclusively from it. For example, MakeMyTrip's MyWallet helps you manage > your booking refunds on the site. > Semi-closed wallets are the most common. They can be used at select > merchants that have specifically entered into a contract with the > wallet-issuing company. The wallet can be used to buy goods and services, > including financial services, but you cannot use it to withdraw or redeem > cash. Paytm, MobiKwik, Citrus and Oxigen are some options in the > semi-closed-wallet space. > An open wallet can only be issued by banks. These function pretty much like > semi-closed wallets but allow cash withdrawals at ATMs. Vodafone's M-Pesa in > partnership with ICICI Bank is one such wallet. "This is driven through the > business correspondent model that enables us to offer our customers a > cash-out facility," says Suresh Sethi, business head, M-Pesa, Vodafone > India. "They can place their request for cash-out to any of the 1,20,000 > M-Pesa agents or the 10,000 Vodafone retail touch-points." Vodafone also > offers M-Pesa as a semi-closed wallet. > How much money can an e-wallet hold? > As per RBI guidelines, digital wallets without KYC (Know Your Customer) > compliance come with a monthly maximum transaction limit of Rupees 10,000. > You have the option to upgrade your wallet and store up to Rupees 1,00,000 > after following a verification process. Much like a prepaid mobile phone > connection, you rec
[AI] Digital shopping
Friends I am sharing this article, I have followed it with A FAQ. Regards Harish. The Smart Wallet BY MAMTA SHARMA EARLY THIS YEAR, when I moved from Mumbai to Chennai, language posed a great barrier. It was difficult to call a cab and pay for a ride without help. Then Ola Money, the taxi-hailing company Ola's digital wallet app, saved the day. I simply had to load it with money using net banking or my credit/debit card, and the app was ready to go. On reaching my destination, I paid my fare digitally. It was instant and without the hassles of swiping my card, keying in a 16-digitnumber or logging on to a bank's website involving OTPs. I soon learnt this wallet could do much more-it could help pay phone bills, book flight tickets, order a pizza and even transfer money to another Ola Money account. "Unlike in the West, the Indian economy is culturally cash-intensive. So we'd often prefer to make small payments-say from Rupees 10 to a few hundred rupees-by cash," says Mukul Shrivastava, partner, fraud investigation and dispute services, Ernst & Young, Mumbai. "The newfound comfort of using a digital wallet has a lot to do with our ease with smartphones. These wallets are simple to use and offer the convenience of technology in your palm," he adds. With increasing smartphone penetration and easy access to the internet, this digital payment option is rapidly catching on. A recent study by Google and the Boston Consulting Group forecasts that India's digital payment industry is likely to be worth $500 billion by 2020. Already, mobile wallet companies like Paytm, MobiKwik, Citrus, Freecharge, PayU and others have been making our life easier. Recent Reserve Bank of India (RBI) data show that payments made through mobile wallets have increased from Rupees 29.05 million in 2013-14 to R upees 205.84 million in 2015-16 and have surpassed mobile banking in terms of volume. If you haven't tried them, you should. Here's a quick guide to digital wallets that will help you use them better. How do you get started? Several e-commerce and telecom companies offer digital wallets. All you need to do is log on to their website on your computer or download their app on your smartphone, sign up with your email or mobile number and transfer funds to your wallet using net banking, IMPS (Immediate Payment Service) or your credit/debit card. Once the money is in your wallet you are all set. Types of wallets: There are three kinds of wallets-closed, semi-closed and open. A closed wallet is issued by a company for buying goods and services exclusively from it. For example, MakeMyTrip's MyWallet helps you manage your booking refunds on the site. Semi-closed wallets are the most common. They can be used at select merchants that have specifically entered into a contract with the wallet-issuing company. The wallet can be used to buy goods and services, including financial services, but you cannot use it to withdraw or redeem cash. Paytm, MobiKwik, Citrus and Oxigen are some options in the semi-closed-wallet space. An open wallet can only be issued by banks. These function pretty much like semi-closed wallets but allow cash withdrawals at ATMs. Vodafone's M-Pesa in partnership with ICICI Bank is one such wallet. "This is driven through the business correspondent model that enables us to offer our customers a cash-out facility," says Suresh Sethi, business head, M-Pesa, Vodafone India. "They can place their request for cash-out to any of the 1,20,000 M-Pesa agents or the 10,000 Vodafone retail touch-points." Vodafone also offers M-Pesa as a semi-closed wallet. How much money can an e-wallet hold? As per RBI guidelines, digital wallets without KYC (Know Your Customer) compliance come with a monthly maximum transaction limit of Rupees 10,000. You have the option to upgrade your wallet and store up to Rupees 1,00,000 after following a verification process. Much like a prepaid mobile phone connection, you recharge your wallet by transferring funds to it. Where can you use them? Wallets can be used to pay utility bills or shop online for products such as electronics, clothes or even groceries. You also get to enjoy other benefits like cashbacks and discounts on your purchases. Some wallets can also be used offline. You could use them at supermarkets or petrol pumps that have tie-ups with wallet-issuing companies. For example, in some cities like Kolkata, autorickshaw drivers have started accepting payments through Paytm. How safe are these? Digital wallets are generally safe once locked with a PIN. Also, wallet-issuing companies ensure that they offer a secure payment environment to their customers. The security compliance policies of these companies are in line with global security standards that protect your identity along with your bank details, and credit and/or debit card numbers. Since the amount stored in your wallet is usually not more than Rupees 10,000, the risk involved is limite
