Good News RBI extends KYC deadline for mobile wallets by 6 months

[Pallab501]

Don't use Paytm. It's a shady company. Google Pay Phonepe are my favourite no concept of wallet pay directly from your bank account.
And people should have a separate bank account for all upi, online shopping etc related usage with least balance so that if your account hacked or any mishaps happens you won't loose your all savings.

 

[TJ_DJ]

the cashback is directly credited to your Bank Account

Well thats good. Just checked Google Pay India website too for these details. UPI certainly has an edge over Wallets, since money doesnt get locked in such Wallets. Even PhonePe is the same.

 

[piinku1]

Rbi should allow to operate accounts with balance upto 10000 with min KYC.