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RBI to now open up UPI for Paytm and MobiKwik

RBI to now open up UPI for Paytm and MobiKwik

Tuesday, March 14, 2017, 8:20 AM

Digital wallets such as Paytm and MobiKwik are set to become inter-operable as Reserve Bank of India (RBI) prepares to open up the Unified Payment Interface platform for them as part of the government’s digitisation campaign. RBI is expected to issue guidelines shortly on interoperability and ‘Know Your Customer' (KYC) norms for digital wallet companies, according to two people familiar with the developments.
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