Now you will soon be able to transfer money from one e-wallet to another e-wallet. RBI has announced that money will be transferred between different e-wallet from April 2018. Before that person who used e-wallet to give money, could not transfer money from e-wallet to another company's e-wallet in another company. 

But now there is news of relief from the RBI's side. In a recent credit policy, the RBI has announced that money will be transferred between different e-wallet by April next year. E-wallet companies are very happy with this move of RBI.

At the moment, the e-wallet to transfer money to another e-wallet is in the same e-wallet which is connected to the government's unified payment interface i.e. UPI. However, once the fund's transfer facility is available, all e-wallet will have to follow KYC rules. The business of digital payment is increasing rapidly in India and by 2022, it is expected to retain its 30 thousand crore rupees. Presently the business of digital payment is growing at a speed of 200 to 300% annually. 

If a recent Reserve Bank of India (RBI) directive is anything to go by, these digital wallets can soon apply to become ‘payment banks’, financial institutions aimed at “furthering financial inclusion”.

Also Read:

NOKIA 6 buyers will get more offers in this sale by October 8

This new option of Instagram will make it easy to share stories on Facebook

Google's AI has low IQ than a 6-year-old kid