Wallet365 - India's First eWallet
India's Times of Money has introduced Wallet365.com, a person-to-person payment service for consumers in India that "lets you pay anyone, anywhere" via email. As with PayPal, Wallet365 emphasizes safety, saying "it secures you from the dangers of online credit card fraud." Funds can be loaded into the account from participating banks for free (except ICICI which is charging a 2% fee) or from a credit card for a 2% fee. Fees also apply for sending money and paying bills but not for receiving money from others.
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