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A good overview of how it would work: http://yourstory.com/2016/02/mobile-wallets-upi/ http://yourstory.com/2016/02/mobile-wallets-upi/ I'm very curious as how
by achow 11y ago
A good overview of how it would work: http://yourstory.com/2016/02/mobile-wallets-upi/ http://yourstory.com/2016/02/mobile-wallets-upi/
I'm very curious as how it would now play out for 'digital wallets' like Paytm, MobiKwick, PayUMoney etc.
Paytm is a "Unicorn". It is perhaps valued at $2B with 125 Million users. http://www.business-standard.com/article/companies/paytm-valuation-jumps-to-1-5-billion-115011600025_1.html http://www.business-standard.com/article/companies/paytm-val...
- option_greek 11y agoHow do these guys make money (or plan to) ? I know PayTM is trying to be a market place but I'm wondering if there are other ways they make money.
- achow 11y agoOne straight forward (and older) way is to charge commission from the retailers. The digital wallets in India started with recharging balance for prepaid mobiles. When somebody recharges, Paytm and its ilk charges commission in the range of 2-5% from the Telcos.