‘Low KYC’ norm to help mobile wallets retain their customers — Economic Times — “In a move set to bring relief to scores of mobile wallet firms such as Paytm, PhonePe, Amazon Pay and their several million users, the Reserve Bank of India (RBI) will allow wallet service providers to continue operating their millions of non-compliant know-your-customer (KYC) accounts which earlier faced cancellation… An estimated over 200m mobile wallets ran the risk of being cancelled by the regulators, once the deadline to upgrade their non-compliant accounts to ‘full KYC’ accounts expires on February 29.”
- Domino’s lets online buyers skip the pickup line
- Shell and Dunkin’ link loyalty programmes to offer customers shared rewards
- M&S rolls out mobile self-checkout across London
- Apple lets retailers accept augmented reality payments
- Las Vegas restaurant lets diners use QR codes to pay their bill with Apple Pay
