RBI guidelines on mobile payments

Posted on June 16, 2008

Mukul Singhal of Canaan Partners has started an interesting discussion on the implications of the Reserve Bank of India's new Draft Operating Guidelines for Mobile Payments in India.* This would bring services like eWallet / mWallet / Store value cards under RBI scanner and I see a regulatory risk in such businesses* The bank has recognized the long term goal of mobile payments to enable Peer ...