It’s possible to created wallet to integrate all other exis

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It’s possible to created wallet to integrate all other exis

Postby Aadile Memon » Tue Jun 20, 2017 10:15 am

It’s possible to created wallet to integrate all other existing wallets?
Aadile Memon
 
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Re: It’s possible to created wallet to integrate all other

Postby Hariom Sinha » Wed Jun 21, 2017 10:20 am

No, You can’t create single wallet to integrate all other. As per Reserve Bank guidelines for wallets does not permit. Reserve Bank of India issues licenses to deserving entities to operate as a wallet. There are platforms that has integrated all popular wallets to increase customer reach. But, merger is not the solution. Interoperability of wallets is. So basically, a paytm user should be able to send money to a free charge account and vice versa. The RBI is undergoing a comprehensive review of wallet guidelines and Interoperability of wallets is also under consideration.
Hariom Sinha
 
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