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Govt plans on Mobile Wallet money insurance, to promote cashless economy

Govt plans on Mobile Wallet money insurance, to promote cashless economy

Monday, January 30, 2017, 4:41 PM

To promote a cashless economy, central government is considering bringing insurance to mobile wallets and electronic transactions. According to PTI, the Government has started talks with mobile wallet players and insurance companies to figure out a way to enable an insurance framework for digital wallet transactions. The talks also include the notification of forensic labs who are the registered ‘examiners’ for digital evidence.
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