UPI will make mobile wallets redundant

singenaadam

singenaadam

Skilled
United Payments System will make mobile wallets redundant : Link.

This would make the transactions safer from the point of view of prevention of skimming off of cash from the accounts that was reported in paytm.

The one thing I really liked about the system is they are making it bank-independent.

Since NPCI is handling the entire system, like RuPay the costs will be minimum.
 
Jambumali said:
United Payments System will make mobile wallets redundant : Link.

This would make the transactions safer from the point of view of prevention of skimming off of cash from the accounts that was reported in paytm.

The one thing I really liked about the system is they are making it bank-independent.

Since NPCI is handling the entire system, like RuPay the costs will be minimum.
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I think mobile wallets would play a supplementary role in achieving the target of cashless economy so making them redundant would be a step back.
 
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