Mobile wallet companies Paytm, MobiKwik and Oxigen diversifying to combat UPI threat

IndiaTimes of India — NEW DELHI: Paytm , MobiKwik and Oxigen have rebuffed PayU’s comment that the era of mobile wallets is over, pointing to the millions of Indians who are still unbanked and the growth of smartphones. They, however, admit that there may be no space for new entrants or smaller companies, especially with the new payments system – Unified Payments Interface (UPI) – coming in.

http://timesofindia.indiatimes.com/tech/tech-news/Mobile-wallet-companies-Paytm-MobiKwik-and-Oxigen-diversifying-to-combat-UPI-threat/articleshow/52395692.cms

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