UPI vs Mobile Wallets | Can Payment Wallets survive UPI revolution? Tips by Yadnya
For banks which were smarting under the onslaught of mobile wallets like PayTM, Mobikwik, Oxigen and Citrus Pay, UPI has come as a boon to retrieve the lost ground. The UPI surely has the potential to make mobile wallets redundant in India. Will they be able to do that or not, that’s a million or may be Billion dollar question. This statement summarizes things well - “UPI is like the base; banks have to build on it. I don’t see any reason why mobile wallets will not be used. The only scenario in which they will not be used is if there is some killer app that is much easier to use. For that to happen you have to believe banks like SBI, ICICI, HDFC will come up with rockstar apps,” says MobiKwik’s Taku Find us on Social Media and stay connected: Facebook Page - http://ift.tt/2ps6XMn Facebook Group - https://goo.gl/y57Qcr Twitter - https://mobile.twitter.com/investyadnya
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