@Manish2 Why do we need an account? For receiving the maturity amount?
No they don’t. No savings account is required.
App does the PAN verification.
Bank does the aadhar verification
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Did anybody not living in tier 1 cities recieved CBDC app invite ? 
great idea
let’s hope they continue to execute well
thanks for sharing
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- Yes, but only for bank’s internal verification purposes.
- it’s legacy from plastic card’s analog days, these days it’s practically useless although has some technical/legal value.
Yup, my registered address with Canara Bank is not a tier 1 city.
RBI hesitant to grant NBFC licenses to fintechs with shared private equity investors.
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Reliance tests sound box payments system in stores, using Jio Pay as the reconciler.
Reliance’s financial services unit, Jio Financial Services, plans to expand into merchant lending with a digital-first business model.
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Jio Financial Services aims to disrupt multiple fintech segments in India, including asset management, payments, insurance, and digital lending, posing a major threat to existing players.
How Reliance Can Shake Up India’s Fintech Landscape!
Decoding Jio Financial Services: Reliance Shakes Up Indian Fintech
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PhonePe launches Share.Market app, enters stock broking business!
The new mobile app will allow users to trade and invest in stocks, mutual funds, and ETFs (exchange-traded funds).
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UPI achieves record-breaking milestone of 10 billion monthly transactions.
App wise market share for July by volume:
- PhonePe- 47%
- Google Pay - 35%
- Paytm- 13%
https://entrackr.com/2023/08/upi-crosses-10-billion-in-transactions-for-the-first-time/
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I think Share dot market will be confusing for new comers.
I mean if I was new, I would be confused to know there is a share market and the way to it through share.market.
#IMHO
But it is a smart move by Phonepe w.r.t name
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Yes, i am using kotak CBDC to do upi P2M transaction. It’s transaction sound (chillar) feels very good. 
I am still waiting for the invite
@Jiten I agree. New comers may not know the difference between the stock/share market and share.market. So PhonePe may get those customers. Ofcourse I don’t mean to underestimate anyone’s intelligence. 
But I wonder how they got the approval for this name.
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Maybe, SEBI will soon forbid phone pe to use a generic name like that.
This might have skipped, in the preliminary scrutiny (read they looked other way while granting the permission).
Let’s see, how long can they survive with this generic name.
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