Types of Prepaid Wallet License | Benefits and Types of Payment Wallet License 

Types of Prepaid Wallet License | Types of Payment Wallet License | Benefits of Prepaid Wallet License | Types of PPI License | Different Types of Prepaid Wallet License
00:00 Introduction
00:32 What are payment wallets?
01:47 How does payment wallet works?
02:18 Type Of Payment Wallets
02:42 Closed System Payment Wallets
03:31 Semi-Closed Payment Wallet
04:25 Open System Payment Wallet
05:09 How We Can Help You?
Payment Wallet System, or simply Payment Wallets or Money Wallets, are instruments that facilitate the purchase of goods and services by conducting financial transactions over digital medium. They also enable remittance facilities against the value stored in the wallet.
They are formally designated as a Prepaid Payment Instruments, because the money must be credited before the transaction can take place. It is basically a digital version of physical wallets.
In this video, we have discussed the different types of Payment Wallets that are registered in India. Watch the video to know about these types.
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