Niti Aayog’s estimates suggest digital payments in India will clock $1 trillion by 2023. India is just the start. Facebook has global ambitions with digital payments.
The RBI has extended the deadline that required all mobile wallet companies to do the Full KYC for all users, and you can rest easy for the moment.
Once the eKYC or partial KYC or minimum KYC validity expires, you may be left with a wallet app that either restricts use or blocks you out completely, depending on specific policies.
The official, formal launch of WhatsApp Pay in India has been suspended for a while, although it is available for select users on invite-only basis.