• SELECT CATAGORY

Mobile Wallet Limit Raised To Rs.50,000

Mobile Wallet LimitMobile Wallet Limit

RBI has increased the mobile wallet limit to Rs.50,000 from Rs. 5,000. This helps in paying the bills through mobile phones. In Prepaid M-Wallet system, mobile itself can be used as purse as well as debit card. Electricity bill to insurance premiums can be paid through the mobile phone. Those who want to utilize this service will have to load money into their mobile through licensed organizations. Mobile operators like Bharathi Airtel and Vodafone has already tied up with various banks to provide M-wallet services to SBI and ICICI customers. Customers can only make payments through some outlets but cannot withdraw money.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: