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by ashwinm 3203 days ago
No its not. Why do you want wallet when you can transfer directly from bank account with same ease? 270 million bank accounts were opened under Jan Dhan, mainly poor.

Paytm is transforming itself to payment bank and UPI provider.
2 comments
cbhl 3203 days ago
Lots of people are unbanked/underbanked -- that is where mobile payments (like MPESA) shine. Assuming that everyone has a credit card and/or bank account is a US-centric assumption that came about as a result of COPPA, and the big companies miss out on getting adoption from teens, children, and people who have been locked out of the financial system.
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subsidd 3203 days ago
It's for me, not for you. Opinion not generalised assumption.
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