The tie-up is formed to assist its 333 million customers to receive money from their relatives living overseas.
If a customer is contacted by a fraudster, the incident should be reported to a cyber crime police station immediately, said experts
Reserve Bank of India has made mobile wallet interoperability mandatory
The Reserve Bank Of India had introduced an Ombudsman Scheme for Digital transactions in 2019, under Section 18 of Payment and Settlement Systems Act
Although, mobile wallets do not have account numbers, but the prepaid instruments—mobile wallets—can become part of centralized payments systems: