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Why government proposed rules for prepaid instruments may hurt e-wallets?

Why government proposed rules for prepaid instruments may hurt e-wallets?

Friday, March 10, 2017, 5:39 PM

The government on Wednesday, released draft guidelines for digital wallet companies as part of its efforts to promote electronic payments, ensure the security of transactions and strengthen grievance redressal for consumers.The draft Information Technology (Security of Prepaid Payment Instruments) Rules 2017 mandate, among other things, that digital wallets adopt multiple-factor authentication when a customer initiates payment.
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