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    News in brief

    Reserve Bank of India asked to increase mobile wallet limit

    News in brief

    One97 Communications, owner of mobile payment platform Paytm, has asked Reserve Bank of India (RBI) to increase the limit on money that can be kept in a mobile wallet to Rs 25,000 (US$393) from Rs 10,000 (US$157). “One97 Communications, which has investment from the Alibaba group, is also building a mobile marketplace and aims to have half a billion Indians on the Paytm platform before 2020,” Times of India reports.

    Filed by Email Rian Boden Published • Last updated 17 July 2015, 12:53

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