BENGALURU: Mobile wallet company executives last week expressed their concerns to Reserve Bank of India<\/a> officials over the proposed guidelines for the sector, in their formal feedback to the regulator on them. RBI<\/a> had issued draft guidelines for prepaid payment instrument (PPI) licence holders in March and several had flagged issues such as know your customer (KYC<\/a>) norms.
\n
\n“Some clarifications were sought on certain clauses, while PPIs discussed issues around KYC, especially since it could be an overkill for small transactions,” said one of those at the meeting.
\n
\nThe central bank stayed firm on the matter, said people with knowledge of the matter.
\n
\n<\/p>

\n\t \n\t\t \n\t\t\t

\n\t\t\t\t $\"\"$ <\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table><\/div> There was no response to email sent to RBI, while spokespersons for the Payment Council of India and the Internet and Mobile Association of India (IAMAI<\/a>), which organised the meeting, did not wish to comment.
\n
Currently, e-wallets<\/a> and other such prepaid payment instruments can only hold up to Rs 20,000 per user with minimum KYC. As per the draft guidelines, these PPIs will have to move to full KYC details within 60 days of the PPI licence being issued.
\n
\nExisting semi-closed PPIs that currently require minimum details from customers have to convert into full-KYC PPIs by June 30, failing which the RBI warned that no further credit will be allowed in such PPIs.
\n
“In the feedback given to RBI, the main request is that minimum KYC be retained or that the deadline for implementing full KYC be extended to 18-24 months, since by then telecom companies would have done Aadhaar linking of mobile numbers. That will help mobile wallets<\/a> do full KYC for all customers,” one industry<\/a> member said. “The other ask is that RBI should publish the interoperability guidelines for wallets.”
\n
\nKYC norms will increase customer acquisition costs and make a simple process complicated, the companies have said.
\n
They have also objected to additional authentication factors, higher net-worth requirements and the need for wallets partnering with ecommerce<\/a> platforms and payment gateways to get a list of merchants from them.
\n
\nSome of these concerns, especially full KYC compliance, were raised at the meeting, according to those present.
\n
\nThe meeting was organised by the Payment Council of India, a lobby group of about 60 companies in the digital payment space established under the IAMAI.
\n
\nThe Payment Council of India was to give its formal feedback to the regulator by April 15, said one of the people cited above.
\n
\n
\n
\n
ET was the first to report on RBI’s plans for guidelines aimed at moving wallets toward interoperability and providing them access to platforms such as the unified payment interface<\/a> (UPI<\/a>). ET had also reported on the worries raised by wallet companies over the proposed rules.
\n
\nPPIs are currently seeing monthly transactions of Rs 6,000 crore, of which about Rs 4,000 crore is from money transfers while corporate solutions such as smart cards for expense management constitute about Rs 500 crore, according to people with knowledge of the matter. Ecommerce giant Amazon recently received a wallet licence from RBI.\n\n<\/body>","next_sibling":[{"msid":58222179,"title":"Telecom consolidation to bring more opportunities than roadblocks: VMware India MD, Arun Parameswaran","entity_type":"ARTICLE","link":"\/news\/telecom-consolidation-to-bring-more-opportunities-than-roadblocks-vmware-india-md-arun-parameswaran\/58222179","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58222681,"entity_type":"ARTICLE","title":"New RBI plan could bring bad news for m-wallets like Paytm and Mobikwik","synopsis":"Full KYC even for small-ticket transactions will be a big deterrent to use of these m-wallets, as it will increase customer acquisition costs.","titleseo":"telecomnews\/new-rbi-plan-could-bring-bad-news-for-m-wallets-like-paytm-and-mobikwik","status":"ACTIVE","authors":[{"author_name":"Mugdha Variyar","author_link":"\/author\/479245129\/mugdha-variyar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479245129.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479245129,"author_name":"Mugdha Variyar","author_seo_name":"mugdha-variyar","designation":"Assistant Editor - Consumer Internet","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-17 16:36:31","lastupd":"2017-04-17 16:36:59","breadcrumbTags":["Mobile wallets","RBI","reserve bank of india","E-wallets","industry","IAMAI","KYC","Ecommerce","Unified Payment Interface","UPI"],"secinfo":{"seolocation":"telecomnews\/new-rbi-plan-could-bring-bad-news-for-m-wallets-like-paytm-and-mobikwik"}}" data-authors="[" mugdha variyar"]" data-category-name="" data-category_id="" data-date="2017-04-17" data-index="article_1">

Telecom乐动扑克News

新央行计划可能带来坏消息m-wallets Paytm和M乐动扑克obikwik

完整KYC甚至小金额交易将使用这些m-wallets面临的一个重大障碍,因为这将提高客户获取成本。

Mugdha Variyar,
等局

更新于2017年4月17日下午04:36坚持

班加罗尔:移动钱包公司高管上周表达了他们的担忧印度储备银行部门官员提出的指导方针,在他们正式反馈调节器。印度储备银行发布指南草案预付支付手段(PPI)许可证持有人在3月和几个标记等问题了解你的客户(什么水平)规范。

“一些澄清寻求对某些条款,而质子泵抑制剂讨论什么问题,特别是小事务,它可能是一种多余”在会议上说的。

中央银行保持公司对此事知情人士表示。

没有回应电子邮件发送到印度,而印度支付委员会的发言人和印度互联网和移动协会(IAMAI),会议组织,不愿发表评论。

目前,电子钱包等预付费支付工具只能容纳20000卢比每用户与最低什么水平。根据准则草案,这些质子泵抑制剂KYC细节将在60天内的PPI许可证发布。

现有半封闭质子泵抑制剂,目前客户需要最小的细节必须转换成full-KYC质子泵抑制剂在6月30日,否则印度央行警告称,任何进一步的信贷将被允许在这些质子泵抑制剂。

”反馈给央行,主要要求是最低KYC被保留或者KYC实现完整的最后期限被延长18 - 24个月,自那时电信公司会做Aadhaar连接的移动号码。这将有助于手机钱包为所有客户做KYC完整,”一位吗行业成员说。”另一个问是,央行应该发表钱包的互操作性的指导方针。”

KYC规范将会增加客户获取成本,使一个简单的过程复杂,公司说。

他们还反对额外的身份验证因素,高净值钱包与需求和必要性电子商务平台和支付网关商户列表。

其中的一些问题,尤其是KYC完整合规,提高在会议上,根据这些礼物。

会议是由印度支付委员会游说团体约60家公司在数字空间下成立IAMAI付款。

印度是给其支付委员会正式反馈调节器在4月15日,上面所提到的一个人说。

ET是第一个报告央行的指导方针旨在移动钱包计划对互操作性和提供访问平台等统一的支付接口(UPI)。等也对提出的担心钱包公司拟议中的规则。

质子泵抑制剂目前每月6000卢比的交易,其中约4000卢比从转账而企业费用管理解决方案,比如智能卡构成大约500卢比,据知情人士。电子商务巨头亚马逊最近接到印度钱包执照。

发布于2017年4月17日下午04:36坚持

BENGALURU: Mobile wallet company executives last week expressed their concerns to Reserve Bank of India<\/a> officials over the proposed guidelines for the sector, in their formal feedback to the regulator on them. RBI<\/a> had issued draft guidelines for prepaid payment instrument (PPI) licence holders in March and several had flagged issues such as know your customer (KYC<\/a>) norms.
\n
\n“Some clarifications were sought on certain clauses, while PPIs discussed issues around KYC, especially since it could be an overkill for small transactions,” said one of those at the meeting.
\n
\nThe central bank stayed firm on the matter, said people with knowledge of the matter.
\n
\n<\/p>

\n\t \n\t\t \n\t\t\t

\n\t\t\t\t $\"\"$ <\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table><\/div> There was no response to email sent to RBI, while spokespersons for the Payment Council of India and the Internet and Mobile Association of India (IAMAI<\/a>), which organised the meeting, did not wish to comment.
\n
Currently, e-wallets<\/a> and other such prepaid payment instruments can only hold up to Rs 20,000 per user with minimum KYC. As per the draft guidelines, these PPIs will have to move to full KYC details within 60 days of the PPI licence being issued.
\n
\nExisting semi-closed PPIs that currently require minimum details from customers have to convert into full-KYC PPIs by June 30, failing which the RBI warned that no further credit will be allowed in such PPIs.
\n
“In the feedback given to RBI, the main request is that minimum KYC be retained or that the deadline for implementing full KYC be extended to 18-24 months, since by then telecom companies would have done Aadhaar linking of mobile numbers. That will help mobile wallets<\/a> do full KYC for all customers,” one industry<\/a> member said. “The other ask is that RBI should publish the interoperability guidelines for wallets.”
\n
\nKYC norms will increase customer acquisition costs and make a simple process complicated, the companies have said.
\n
They have also objected to additional authentication factors, higher net-worth requirements and the need for wallets partnering with ecommerce<\/a> platforms and payment gateways to get a list of merchants from them.
\n
\nSome of these concerns, especially full KYC compliance, were raised at the meeting, according to those present.
\n
\nThe meeting was organised by the Payment Council of India, a lobby group of about 60 companies in the digital payment space established under the IAMAI.
\n
\nThe Payment Council of India was to give its formal feedback to the regulator by April 15, said one of the people cited above.
\n
\n
\n
\n
ET was the first to report on RBI’s plans for guidelines aimed at moving wallets toward interoperability and providing them access to platforms such as the unified payment interface<\/a> (UPI<\/a>). ET had also reported on the worries raised by wallet companies over the proposed rules.
\n
\nPPIs are currently seeing monthly transactions of Rs 6,000 crore, of which about Rs 4,000 crore is from money transfers while corporate solutions such as smart cards for expense management constitute about Rs 500 crore, according to people with knowledge of the matter. Ecommerce giant Amazon recently received a wallet licence from RBI.\n\n<\/body>","next_sibling":[{"msid":58222179,"title":"Telecom consolidation to bring more opportunities than roadblocks: VMware India MD, Arun Parameswaran","entity_type":"ARTICLE","link":"\/news\/telecom-consolidation-to-bring-more-opportunities-than-roadblocks-vmware-india-md-arun-parameswaran\/58222179","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58222681,"entity_type":"ARTICLE","title":"New RBI plan could bring bad news for m-wallets like Paytm and Mobikwik","synopsis":"Full KYC even for small-ticket transactions will be a big deterrent to use of these m-wallets, as it will increase customer acquisition costs.","titleseo":"telecomnews\/new-rbi-plan-could-bring-bad-news-for-m-wallets-like-paytm-and-mobikwik","status":"ACTIVE","authors":[{"author_name":"Mugdha Variyar","author_link":"\/author\/479245129\/mugdha-variyar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479245129.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479245129,"author_name":"Mugdha Variyar","author_seo_name":"mugdha-variyar","designation":"Assistant Editor - Consumer Internet","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-17 16:36:31","lastupd":"2017-04-17 16:36:59","breadcrumbTags":["Mobile wallets","RBI","reserve bank of india","E-wallets","industry","IAMAI","KYC","Ecommerce","Unified Payment Interface","UPI"],"secinfo":{"seolocation":"telecomnews\/new-rbi-plan-could-bring-bad-news-for-m-wallets-like-paytm-and-mobikwik"}}" data-news_link="//www.iser-br.com/news/new-rbi-plan-could-bring-bad-news-for-m-wallets-like-paytm-and-mobikwik/58222681">