Hot Deal Wallet to Wallet transfer (interoperability) mandatory

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Wallet to Wallet transfer (interoperability) mandatory

The central bank is also taking steps to make PPIs like wallets interoperable. It means, users should be able to transfer money from one wallet to another or from a wallet to your bank account using the centralised payments systems

https://www.livemint.com/news/india/rbi-policy-...

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The central bank has also proposed to enhance the outstanding balance from Rs 1 lakh to Rs 2 lakh for full KYC compliant accounts. “To incentivise the migration of PPIs to full-KYC, it is proposed to increase the limit of outstanding balance in such PPIs from the current level of Rs 1 lakh to Rs 2 lakh” said Shaktikanta Das, Governor, RBI while announcing the monetary policy. The central bank will issue the necessary instructions separately.

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Uber ke wallet se paytm wallet mai dalenge fir uber ke gv ko firse 18% mai khareedenge fir paytm mai daalenge…

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AyushiiiVijay wrote:

Uber ke wallet se paytm wallet mai dalenge fir uber ke gv ko firse 18% mai khareedenge fir paytm mai daalenge…

Gv transfer won’t be allowed.. don’t worry

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Ab ye rdi RDI offer band karwayega

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dark.demon wrote:

Gv transfer won’t be allowed.. don’t worry

Exactly. Only money added via upi, Debit card will be allowed for transfer.

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wah admin – itni jaldi merge bhi ho gaya – bahut dhansu hai apna DD wala log sunglasses

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Wallet to Wallet transfer (interoperability) mandatory -

According to the RBI notification, the interoperability of wallets had to happen in three stages.

1), wallet companies would join the Unified Payments Interface (UPI).

2), wallets would be able to transfer money to bank accounts on UPI, and

3), wallet companies will be allowed to issue Prepaid RuPay cards.

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abhishek012 wrote:

Wallet to Wallet transfer (interoperability) mandatory -

According to the RBI notification, the interoperability of wallets had to happen in three stages.

1), wallet companies would join the Unified Payments Interface (UPI).

2), wallets would be able to transfer money to bank accounts on UPI, and

3), wallet companies will be allowed to issue Prepaid RuPay cards.

So now wallet balance will be the actual money.. hushed
Great proposal by RBI. smiley smiley
They should implement this ASAP.
Banks are now giving compensation for late refunds of failed UPI txns.
@abhishek012 bhai wo BHIM UPI txn real time status wala implement hua kya ?
Bas utna karo jadli se smile

Edit :
One additional query bro.. sweat_smile
Ye woohoo/qwikcilver/zingoy/others ka gv business band kya iske baad..?
Bas prepaid cards rahega pineperks ke jaisa ?
Agar aisa hai toh advance me RIP for zingoy stuck_out_tongue

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Mujhe koi ye batayega,

a) credit card
b) debit card
c) UPI pmts via QR scan

In spite of availability of all of them, why wallet (ppi) payment is so crucial for RBI, which was invented for small ticket txns (mostly tens or hundreds) only. And why is this marathon for kyc-ed PPIs rather limiting it for below 10k if needed, than doubling it to 2L? rolleyes Who’s the real beneficiaries target users here??

Like, who wants to pay 10-20-30k via wallet while having a) b) or c) options at the first place? If I’m not wrong, those who are having/ using wallet facilities must be having any of the above 3 with them first.

@abhishek012 bhai, your expert comments pliss.. grinning

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Dekh Bhai! Har taraf se Cashback milta rahe baki kuch bhi karo. smile

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Whenever there is RBI in news is always for the bad reason

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Can i complaint of ICICI imobile(UPI) transaction failure somewhere?
Pls tell transaction was done almost 6 months back

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raman12 wrote:

Can i complaint of ICICI imobile(UPI) transaction failure somewhere?
Pls tell transaction was done almost 6 months back

Complaint to RBI.
I think, If you don’t get refund within T+1 business days, now banks will pay u extra 100 rs per day for additional delay in refund.
This has been implemented recently.
As your txn is 6 months old, I am not sure if this rule is applicable for you. blush

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b4tm4n wrote:

Complaint to RBI.
I think, If you don’t get refund within T+1 business days, now banks will pay u extra 100 rs per day for additional delay in refund.
This has been implemented recently.
As your txn is 6 months old, I am not sure if this rule is applicable for you. blush

Have been hearing this penalty thing since very long time, came in newspaper as well.
But hardly they help, RBI also closed my complaint without any resolution.
Now complained to INGRAMS portal

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deb3l wrote:

Mujhe koi ye batayega,

a) credit card
b) debit card
c) UPI pmts via QR scan

In spite of availability of all of them, why wallet (ppi) payment is so crucial for RBI, which was invented for small ticket txns (mostly tens or hundreds) only. And why is this marathon for kyc-ed PPIs rather limiting it for below 10k if needed, than doubling it to 2L? rolleyes Who’s the real beneficiaries target users here??

Like, who wants to pay 10-20-30k via wallet while having a) b) or c) options at the first place? If I’m not wrong, those who are having/ using wallet facilities must be having any of the above 3 with them first.

@abhishek012 bhai, your expert comments pliss.. grinning

https://cdn0.desidime.com/attachments/photos/676516/medium/7524527U2Q3xtu.jpg?1617812589

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(interoperability) is nothing but elimination of wallets, some idiots are instructing RBI nowadays

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If this rules gets implemented, I guess all wallets will remove balance loading with credit card.

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dreamist wrote:

If this rules gets implemented, I guess all wallets will remove balance loading with credit card.

A wallet is an interest free debt with an expiry date issued by the company against assets and used as working capital.. So essentially they are saving almost 10% on it with no oversight at all.. Add up all the small amounts and it comes out to a lot.. Only RBI etc can issue free money like that..

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Exactly. It would have made sense if wallets didn’t require kyc but with the amount of time you spend getting kyc done one can open a bank account itself. What’s the point of wallets then? They are so obsessed with kyc.

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If this is happening, I just hope the KYC procedure eases out.

A centralised KYC system would be great. One KYC for all the wallets. Like KRAs.

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b4tm4n wrote:

So now wallet balance will be the actual money.. hushed
Great proposal by RBI. smiley smiley
They should implement this ASAP.
Banks are now giving compensation for late refunds of failed UPI txns.
@abhishek012 bhai wo BHIM UPI txn real time status wala implement hua kya ?
Bas utna karo jadli se smile

Edit :
One additional query bro.. sweat_smile
Ye woohoo/qwikcilver/zingoy/others ka gv business band kya iske baad..?
Bas prepaid cards rahega pineperks ke jaisa ?
Agar aisa hai toh advance me RIP for zingoy stuck_out_tongue

gv business ka isse koi lena dena nhi ha. woh apna chalta rahega.

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abhishek012 wrote:

gv business ka isse koi lena dena nhi ha. woh apna chalta rahega.

Yes but with less discounts now in trading as less chances of money rotation via wallets.

Missing