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  1. Buying Options
  2. 2. Seek an alternative to cable
  3. Amazon to Increase U.S. Prime Annual Fee to $119, Up From $99
  4. 11 Ways to Get Free or Cheap Entertainment - NerdWallet

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RBI's fresh guidelines show that only serious players with deep pockets will be able to enter the payments space. MUMBAI: Digital wallet companies, several of which aim to take on the leaders in one of the fastest-growing segments in the ecommerce industry, are aggrieved over new regulations that have increased both the complexity and cost of operations. On Wednesday, RBI hiked the initial net worth requirement for firms offering prepaid payment instruments to Rs 5 crore, from Rs 2 crore now.


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Also, the net worth must go up to Rs 15 crore within three financial years from the date of receiving authorisation. Consumers failing to complete KYC will be allowed to keep only up to Rs 10, in wallets.

2. Seek an alternative to cable

Industry Questions Need for Payments Bank Licence Industry players contend the process of completing a full KYC can be even more onerous for captive wallet players such as Ola Money, PhonePe and Amazon Pay, where the scope of use by a customer is limited, reducing the incentive to park money in such wallets. While the dominant players are adequately capitalised and can meet regulatory requirements, industry watchers fear the new norms will sound the death knell for small PPI prepaid payment instrument licence holders, typically those which offer services such as domestic remittance or niche payments.

Some players also see the change in regulations as an opportunity to catch up with market leaders like Paytm.

How To Cancel Amazon Prime And Get 999 Money Refund Back In Hindi

PhonePe, for instance, feels that since it started off as a UPI-based app, its ticket sizes are higher than that of wallets, which makes customers more pliable to do KYC. With additional reporting by Mugdha Variyar. Are you a Business Owner?

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Amazon to Increase U.S. Prime Annual Fee to $119, Up From $99

That was the first time the company had ever provided a specific Prime number. Prime members receive free shipping of two days or less on more than million products, as well as access to Prime Video and Prime Music streaming, Prime Reading ebooks and other titles, and other perks. In addition to higher shipping costs for Prime, the company has been continuing to spend heavily on original programming for Prime Video.

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11 Ways to Get Free or Cheap Entertainment - NerdWallet

But an exclusive study conducted for Variety by Prodege, a leading market research panel, found that being able to gamble [ UPDATED: Instagram users across the globe reported problems sharing to and accessing the Facebook-owned photo and video service on mobile apps and the web on Wednesday — an outage that continued for much of the day.

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