12:09 pm - Saturday 22 July 2017

eMudhra introduces prepaid mobile wallet service ‘YPayCash’

By insightVAS - Thu Mar 29, 4:12 pm

Y-Cash Software Solutions Pvt. Ltd., a fully owned subsidiary of eMudhra Consumer Services Ltd has introduced Prepaid Mobile Wallet service under the brand name of YPayCash.

YPayCash is an end-to-end payment solution provider from issuance to authentication and settlement. YPayCash Mobile Wallet is licensed by Reserve Bank of India (RBI) under Payment and Settlement Systems Act 2007.

The service has a PKI-enabled (public key infrastructure) communication. Merchants desirous of getting this application have to go through a know-your-customer process.

PKI or public key infrastructure enables users to exchange data and money on the Internet in a secured way through the use of a public and a private cryptographic keys pair. The keys are obtained and shared through a trusted authority.

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