Pankaj Kumar, Founder of Msewa aims to create a universal mobile payment platform which allows customer to send receive payments instantly across the globe
Indian e-commerce industry is brimming with confidence over its new- found popularity and this group's decision to enter the sector will surely reap benefits for Paytm
Last month, online marketplace Amazon India, which has already taken the homegrown e-commerce companies by storm, was granted licence to operate a pre-paid payment wallet.
The payment industry is attracting many players because of the opportunity it provides. But how can mobile wallets stay on the top in one of the most active sectors?
The main advantage BHIM app is that you don't have to remember the banking details. All you need is a virtual payment address of the payee to make a digital transaction.
ShopX believes that there is just a minuscule of a population that falls in the self-help category, equipped with gadgets, digital wallets. The rest belong fall in the category who aren't comfortable buying things online, using net-banking and would still prefer to go to the nearby market to buy their day-today needs.