RBI orders forensic audit of MobiKwik systems

The Reserve Bank has asked troubled digital wallet firm MobiKwik, which is facing data breach allegations, to get a forensic audit done without any delay. Though the Gurugram-based firm has been......

How PhonePe restored its UPI after Yes Bank blow

After a gruelling 24 hours, the PhonePe team has fully restored UPI on the payment platform. The app is up and running again with ICICI Bank as its new partner with all payment instruments enabled.......

Good news for e-wallet fraud victims

Customers using mobile wallets, prepaid payments cards, and paper vouchers such as Sodexo have been absolved of liability for fraud if it is reported within three days. Illustration: Uttam......

As user base shrinks, m-wallets put smart money on diversification

The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation. If the Reserve Bank of India’s representative data on prepaid payment instruments......