Are Indian banks beginning to worry about e-wallets?

Are Indian banks beginning to worry about e-wallets?

Visual from the company's social media page. September 2015

In the last week of October, Paytm founder Vijay Shekhar Sharma received a message from State Bank of India (SBI). It wasn’t good news. The message said the nation’s largest lender and its associate banks would no longer allow their customers to load money from their accounts onto the Paytm wallet.

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