How to get it:

• Provide full KYC (Know Your Customer) information to open new account
• Apply for Wallet/ Pre-paid Card
• Get a MPIN / PIN

Service Activation:

• Load money (subject to regulatory limits) using branch, or internet banking
  • Bank A/c
  • All Cards
• 1-2 days for card
• 5-7 minutes for wallet

What is required for Transaction:

• Smartphone or internet
• Use MPIN
• Self-service and/or Assisted mode

Transaction Cost:

• On loading the pre-paid card, Customer may pay service charges for transaction or fixed fee, upfront + each transaction.
• Loading wallets is mostly free.
• Merchant is charged fee 0.50% to 2.50 %
• Cash out is charged to customer as fixed fee or 1% to 2.5% of value of transaction. Only from Cards

Disclaimer: The transaction costs are based on available information and may vary based on banks.

Services Offered:

• Balance Enquiry
• Passbook/ Transaction history
• Add money
• Bank A/c
• All Cards
• Accept Money
• Pay money
• Another wallet (mobile no.) with same provider
• Pay merchant
• Bar Code reader
• Cash-Out (Cash withdrawal)
• Touch and Pay
• Manage Profile
• Notifications

Funds Transfer limit:

• For Users
  • Rs 1,00,000/- for Users
• For Merchants
  • Self-Declared - Rs 50,000/ month
  • With KYC – Rs 1,00,000/- month

Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

Service Available from no. of operators:

• All leading Banks
• Non-operable
• Cash-out with limits only for VISA/Mastercard linked wallets/ cards