The mobile app offers card registration feature, enables balance transfer from one card to another and allows transaction history to be viewed.
The proposal was mooted over a month ago by the government and the wallet companies got back with their reservations last week.
There has been a 20-25% increase in applicants from IT and ecommerce companies, said Lohit Bhatia, business head, staffing solutions, IKYA Human Capital Solutions.
The Government of India is also going to host the next meeting of CERTs from Asia-Pacific in India later this year.
On the same occasion, Amitabh Kant said India is on the cusp of a major digital revolution; this enables us to reach even the bottom of pyramid he said.
The incentive is also aimed at encouraging banks to onboard merchants for the new payments ecosystem and build the requisite infrastructure.
The company is trying to find the right balance between fares that are attractive enough for the riders while being economically viable for its drivers.
India Post’s contract is the latest in a number of large technology contracts following the RBI's decision to give payment bank licenses to 11 firms.
According to a report, the number of Internet users in India was estimated to be 432 million in December 2016.
According to an official in the know, in the meeting it has been decided that all banks will be given instructions that all accounts have to be net banking enabled by March 31.
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