Soon, users will be able to transfer money from one mobile wallet such as Paytm to other wallets like Amazon Pay, MobiKwik, Oxigen etc, as Reserve Bank of India has issued guidelines to permit fund transfer among wallets, in a bid to boost digital transactions across the country. Yesterday, RBI issued final guidelines to enable interoperability for pre-paid instruments or mobile wallets in a bid to facilitate the seamless transfer of funds. Apart from wallet to wallet transfer of funds, the new rules now permit mobile wallet companies to issue cards in partnership with card networks like Mastercard and Visa.
