Soon, you'll be able to make card payment with m-wallets: All you must know

The move will propel the prepaid payment instruments or wallet industry further

Soon, mobile wallet companies will be able to issue their own branded prepaid cards. According to a report in The Economic Times, mobile wallet companies in India have received a briefing from major card networks on the integration process for interoperability. Visa, MasterCard and RuPay had held meetings with the prepaid payment instruments (PPI) licence holders in the middle of December on the integration process and the technological and other requirements for the issue of interoperable payment instruments. The move will propel PPIs or the wallet industry further. Wallets were previously close-looped ecosystems.

Bipin Preet Singh, chief executive officer (CEO)